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

By Nick Russo

Today, shares of ProShares UltraPro Short Russell 2000 (NYSE:SRTY) have crossed bullishly above their 10-day moving average of $34.42 on a volume of 191K 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, ProShares UltraPro Short Russell 2000 share prices have been bracketed by a low of $10.13 and a high of $52.09 and are now at $35.10, 246% above that low price. The 200-day and 50-day moving averages have moved 0.59% lower and 0.94% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in ProShares UltraPro Short Russell 2000. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares UltraPro Short Russell 2000 in search of a potential trend change.

Keywords: moving crosses proshares ultrapro short russell 2000

Ticker(s): SRTY