ProShares Ultra Silver Bullish Moving Average Crossover Alert (AGQ)
ProShares Ultra Silver (NYSE:AGQ) shares have crossed bullishly above their 10-day moving average of $43.73 on a volume of 390K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of ProShares Ultra Silver have traded between a low of $34.45 and a high of $74.65 and are now at $44.15, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.9%.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares Ultra Silver on December 14th, 2012 by issuing a Downtrend alert when the shares were trading at $50.49. Since that call, shares of ProShares Ultra Silver have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultra silver