ProShares UltraPro Short Russell 2000 Crosses Below its 10-day MA (SRTY)
Today, shares of ProShares UltraPro Short Russell 2000 (NYSE:SRTY) have fallen below their 10-day MA of $24.29 on a volume of 170K 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 $61.43 and a 52-week low of $22.88 and are now trading 5% above that low price at $23.91 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.8%.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraPro Short Russell 2000 on November 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $40.78. Since that call, shares of ProShares UltraPro Short Russell 2000 have fallen 39.6%. 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