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Crash Flashback: ProShares Ultra Basic Materials Currently 15.30% Above its May 6th Crash Low of $26.55 (UYM)

Written on Sat, 07/31/2010 - 9:44am
By Chip Brian

ProShares Ultra Basic Materials (NYSE:UYM) is currently trading 15.30% above its May 6th low of $26.55. Investors are looking to see if this 'flash crash' low can act as support signaling the stock has completed a bottoming process.
In the past 52-weeks, shares of ProShares Ultra Basic Materials have traded between a low of $19.94 and a high of $39.47 and are now at $30.61, which is 53.50% above that low price.
SmarTrend is bullish on shares of ProShares Ultra Basic Materials and our subscribers were alerted to Buy on July 13, 2010 at $28.44. The stock has risen 7.6% since the alert was issued.

Keywords: proshares ultra basic materials flash crash

Ticker(s): UYM

Contact Chip Brian



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