ProShares UltraShort 20+ Year Treasury Set to Possibly Rebound After Yesterday's Selloff of 1.71%
ProShares UltraShort 20+ Year Treasury (NYSE:TBT) traded in a range yesterday that spanned from a low of $30.34 to a high of $30.69. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $30.54 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of ProShares UltraShort 20+ Year Treasury have traded between a low of $29.45 and a high of $52.25 and are now at $30.59, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for ProShares UltraShort 20+ Year Treasury and will alert subscribers who have TBT in their portfolio or watchlist when shares have changed trend direction.
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