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