ProShares UltraPro Short Russell 2000 Bullish Moving Average Crossover Alert (SRTY)
Today, shares of ProShares UltraPro Short Russell 2000 (NYSE:SRTY) have crossed bullishly above their 10-day moving average of $16.77 on a volume of 455K 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, shares of ProShares UltraPro Short Russell 2000 have traded between a low of $15.15 and a high of $47.87 and are now at $16.89, which is 11% above that low price. The 200-day and 50-day moving averages have moved 1.77% lower and 1.54% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraPro Short Russell 2000 on April 25th, 2013 by issuing a Downtrend alert when the shares were trading at $23.29. Since that call, shares of ProShares UltraPro Short Russell 2000 have fallen 29.2%. 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