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ProShares Ultra S&P500 Crosses Above its 10-day MA (SSO)

By Shiri Gupta

ProShares Ultra S&P500 (AMEX:SSO) shares have crossed bullishly above their 10-day moving average of $64.32 on a volume of 523K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, ProShares Ultra S&P500 share prices have been bracketed by a low of $49.31 and a high of $138.00 and are now at $64.56, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for ProShares Ultra S&P500 and will alert subscribers who have SSO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:sso proshares ultra s&p500

Ticker(s): SSO