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

By David Diaz

ProShares UltraPro Short Russell 2000 (NYSE:SRTY) shares have crossed bearishly below their 10-day moving average of $26.41 on a volume of 125K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $25.28 and are now trading 4% above that low price at $26.20 per share. The 200-day and 50-day moving averages have moved 0.82% lower and 1.93% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraPro Short Russell 2000 on November 25th, 2014 by issuing a Downtrend alert when the shares were trading at $33.14. Since that call, shares of ProShares UltraPro Short Russell 2000 have fallen 18.7%. 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

Ticker(s): SRTY