ProShares UltraPro Short Russell 2000 Crosses Above its 10-day MA (SRTY)
ProShares UltraPro Short Russell 2000 (NYSE:SRTY) shares have crossed bullishly above their 10-day moving average of $15.96 on a volume of 394K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, ProShares UltraPro Short Russell 2000 has traded in a range of $15.48 to $50.42 and is now at $16.29, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.4% while the 200-day MA has slid 1.8%.
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 31.9%. 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