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Downtrend Call Working As ProShares Ultra Nasdaq Biotechnology ETF Stock Falls 17.1% (BIB)

By Nick Russo

SmarTrend identified a Downtrend for ProShares Ultra Nasdaq Biotechnology ETF (NASDAQ:BIB) on May 20th, 2015 at $86.93. In approximately 3 months, ProShares Ultra Nasdaq Biotechnology ETF has returned 17.08% as of today's recent price of $72.08.

In the past 52 weeks, ProShares Ultra Nasdaq Biotechnology ETF share prices have been bracketed by a low of $42.50 and a high of $174.48 and are now at $72.08, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.3%.

ProShares Ultra Nasdaq Biotechnology is an an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to twice (200%) the return of the Nasdaq Biotechnology Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ProShares Ultra Nasdaq Biotechnology ETF.

Log in and add ProShares Ultra Nasdaq Biotechnology ETF (BIB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights proshares ultra nasdaq biotechnology etf

Ticker(s): BIB