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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 $27.35 on a volume of 229K 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.

ProShares UltraPro Short Russell 2000 share prices have moved between a 52-week high of $50.25 and a 52-week low of $24.38 and are now trading 14% above that low price at $27.76 per share. The 200-day and 50-day moving averages have moved 0.51% lower and 0.14% 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