ProShares UltraShort 20+ Year Treasury Bullish Moving Average Crossover Alert (TBT)
Today, shares of ProShares UltraShort 20+ Year Treasury (NYSE:TBT) have crossed bullishly above their 10-day moving average of $36.07 on a volume of 476K 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 $34.62 to $52.25 and is now at $36.62, 6% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in ProShares UltraShort 20+ Year Treasury. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares UltraShort 20+ Year Treasury in search of a potential trend change.
Keywords: moving crosses proshares ultrashort 20+ year treasury