ProShares UltraShort DJ-UBS Crude Oil Crosses Below its 10-day MA (SCO)
ProShares UltraShort DJ-UBS Crude Oil (NYSE:SCO) shares have crossed bearishly below their 10-day moving average of $82.89 on a volume of 119K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, ProShares UltraShort DJ-UBS Crude Oil share prices have been bracketed by a low of $50.90 and a high of $243.67 and are now at $82.12, 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.7% while the 200-day MA has risen 0.4%.
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