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

By Nick Russo

Today, shares of ProShares UltraPro Short Russell 2000 (NYSE:SRTY) have crossed bearishly below their 10-day moving average of $42.96 on a volume of 168K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, ProShares UltraPro Short Russell 2000 share prices have been bracketed by a low of $10.13 and a high of $52.09 and are now at $42.80, 323% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 2.4% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for ProShares UltraPro Short Russell 2000 and will alert subscribers who have SRTY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses proshares ultrapro short russell 2000

Ticker(s): SRTY