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ProShares UltraShort Euro Bearish Moving Average Crossover Alert (EUO)

By David Diaz

ProShares UltraShort Euro (NYSE:EUO) shares have crossed bearishly below their 10-day moving average of $23.56 on a volume of 179K 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.

Over the past year, ProShares UltraShort Euro has traded in a range of $22.26 to $27.18 and is now at $23.36, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for ProShares UltraShort Euro and will alert subscribers who have EUO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses proshares ultrashort euro

Ticker(s): EUO