ProShares UltraShort DJ-UBS Crude Oil Bullish Moving Average Crossover Alert (SCO)
Today, shares of ProShares UltraShort DJ-UBS Crude Oil (NYSE:SCO) have advanced above their 10-day MA of $72.95 on a volume of 171K 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 $74.13, which is 46% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 4.7% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraShort DJ-UBS Crude Oil on September 29th, 2016 by issuing a Downtrend alert when the shares were trading at $82.11. Since that call, shares of ProShares UltraShort DJ-UBS Crude Oil have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultrashort dj-ubs crude oil