ProShares UltraShort 20+ Year Treasury Bullish Moving Average Crossover Alert (TBT)
Today, shares of ProShares UltraShort 20+ Year Treasury (NYSE:TBT) have advanced above their 10-day MA of $30.44 on a volume of 1.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, ProShares UltraShort 20+ Year Treasury has traded in a range of $29.45 to $52.25 and is now at $31.31, 6% above that low. The 200-day and 50-day moving averages have moved 0.55% lower and 0.03% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraShort 20+ Year Treasury on May 5th, 2016 by issuing a Downtrend alert when the shares were trading at $36.49. Since that call, shares of ProShares UltraShort 20+ Year Treasury have fallen 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultrashort 20+ year treasury