Downtrend Call Working As ProShares UltraPro Short Russell 2000 Stock Falls 18.0% (SRTY)
SmarTrend identified a Downtrend for ProShares UltraPro Short Russell 2000 (NYSE:SRTY) on April 25th, 2013 at $23.29. In approximately 2 months, ProShares UltraPro Short Russell 2000 has returned 17.99% as of today's recent price of $19.10.
Over the past year, ProShares UltraPro Short Russell 2000 has traded in a range of $18.50 to $53.49 and is now at $19.10, 3% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.5%.
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