• Return to Headlines

ProShares UltraShort DJ-UBS Crude Oil Bullish Moving Average Crossover Alert (SCO)

By Amy Schwartz

ProShares UltraShort DJ-UBS Crude Oil (NYSE:SCO) shares have crossed bullishly above their 10-day moving average of $89.54 on a volume of 109K 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 UltraShort DJ-UBS Crude Oil have traded between a low of $50.90 and a high of $243.67 and are now at $91.63, which is 80% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 4.7%.

SmarTrend is tracking the current trend status for ProShares UltraShort DJ-UBS Crude Oil and will alert subscribers who have SCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses proshares ultrashort dj-ubs crude oil

Ticker(s): SCO