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ProShares UltraShort 20+ Year Treasury Crosses Below its 10-day MA (TBT)

By David Diaz

Today, shares of ProShares UltraShort 20+ Year Treasury (NYSE:TBT) have crossed bearishly below their 10-day moving average of $77.63 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

ProShares UltraShort 20+ Year Treasury share prices have moved between a 52-week high of $82.80 and a 52-week low of $58.23 and are now trading 33% above that low price at $77.20 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for ProShares UltraShort 20+ Year Treasury and will alert subscribers who have TBT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses proshares ultrashort 20+ year treasury

Ticker(s): TBT