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ProShares UltraPro Short Russell 2000 Crosses Above its 10-day MA (SRTY)

By Nick Russo

ProShares UltraPro Short Russell 2000 (NYSE:SRTY) crossed over its 10-day moving average of $39.62 on a volume of 271K 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.

In the past 52 weeks, shares of ProShares UltraPro Short Russell 2000 have traded between a low of $22.80 and a high of $47.26 and are now at $40.37, which is 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.8% while the 200-day MA has risen 1.0%.

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