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Watch for ProShares UltraShort 20+ Year Treasury to Potentially Rebound After Falling 3.30% Yesterday

By David Diaz

ProShares UltraShort 20+ Year Treasury (NYSE:TBT) traded in a range yesterday that spanned from a low of $35.07 to a high of $35.55. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $35.96 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in ProShares UltraShort 20+ Year Treasury. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares UltraShort 20+ Year Treasury in search of a potential trend change.

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 $35.15, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

Keywords: rebounders proshares ultrashort 20+ year treasury

Ticker(s): TBT