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ProShares UltraPro QQQ Crosses Above its 10-day MA (TQQQ)

By Amy Schwartz

ProShares UltraPro QQQ (NASDAQ:TQQQ) shares have crossed bullishly above their 10-day moving average of $97.44 on a volume of 718K 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.

Over the past year, ProShares UltraPro QQQ has traded in a range of $65.30 to $128.78 and is now at $98.49, 51% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.6%.

SmarTrend is monitoring the recent change of momentum in ProShares UltraPro QQQ. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares UltraPro QQQ in search of a potential trend change.

Keywords: moving crosses proshares ultrapro qqq

Ticker(s): TQQQ