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ProShares UltraPro QQQ Bullish Moving Average Crossover Alert (TQQQ)

By James Quinn

ProShares UltraPro QQQ (NASDAQ:TQQQ) shares have crossed bullishly above their 10-day moving average of $103.34 on a volume of 971K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of ProShares UltraPro QQQ have traded between a low of $65.30 and a high of $141.82 and are now at $103.56, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.64% lower and 0.67% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of ProShares UltraPro QQQ on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.33. Since that recommendation, shares of ProShares UltraPro QQQ have risen 12.0%. We continue to monitor TQQQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses proshares ultrapro qqq

Ticker(s): TQQQ