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Downtrend Call Working As ProShares UltraPro Short Russell 2000 Stock Falls 53.9% (SRTY)

By Nick Russo

SmarTrend identified a Downtrend for ProShares UltraPro Short Russell 2000 (NYSE:SRTY) on April 25th, 2013 at $23.29. In approximately 8 months, ProShares UltraPro Short Russell 2000 has returned 53.89% as of today's recent price of $10.74.

In the past 52 weeks, ProShares UltraPro Short Russell 2000 share prices have been bracketed by a low of $10.57 and a high of $36.26 and are now at $10.74, 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.3%.

ProShares UltraPro Short Russell2000 is an exchange-traded fund incorporated in the USA. The Fund seeks investment results which correspond to three times (300%) the inverse of the daily performance of the Russell 2000 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 UltraPro Short Russell 2000.

Log in and add ProShares UltraPro Short Russell 2000 (SRTY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights proshares ultrapro short russell 2000

Ticker(s): SRTY