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

By James Quinn

ProShares UltraPro Short Russell 2000 (NYSE:SRTY) shares have crossed bullishly above their 10-day moving average of $47.71 on a volume of 130K 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.

Over the past year, ProShares UltraPro Short Russell 2000 has traded in a range of $10.13 to $52.09 and is now at $47.99, 374% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 23.6% while the 200-day MA has risen 3.6%.

SmarTrend recommended that subscribers consider buying shares of ProShares UltraPro Short Russell 2000 on January 24th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.56. Since that recommendation, shares of ProShares UltraPro Short Russell 2000 have risen 8.7%. We continue to monitor SRTY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses proshares ultrapro short russell 2000

Ticker(s): SRTY