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ProShares UltraPro Short Russell 2000 Bullish Moving Average Crossover Alert (SRTY)

By James Quinn

Today, shares of ProShares UltraPro Short Russell 2000 (NYSE:SRTY) have crossed bullishly above their 10-day moving average of $20.03 on a volume of 220K 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.

ProShares UltraPro Short Russell 2000 share prices have moved between a 52-week high of $48.31 and a 52-week low of $19.43 and are now trading 4% above that low price at $20.15 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 3%.

SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraPro Short Russell 2000 on July 8th, 2016 by issuing a Downtrend alert when the shares were trading at $22.54. Since that call, shares of ProShares UltraPro Short Russell 2000 have fallen 12.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses proshares ultrapro short russell 2000

Ticker(s): SRTY