ProShares UltraPro S&P 500 Bullish Moving Average Crossover Alert (UPRO)
Today, shares of ProShares UltraPro S&P 500 (NYSE:UPRO) have advanced above their 10-day MA of $74.74 on a volume of 1.2 million 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.
In the past 52 weeks, shares of ProShares UltraPro S&P 500 have traded between a low of $42.98 and a high of $146.89 and are now at $75.29, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 1.50% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of ProShares UltraPro S&P 500 on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.06. Since that recommendation, shares of ProShares UltraPro S&P 500 have risen 10.5%. We continue to monitor UPRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses proshares ultrapro s&p 500