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Downtrend Call Working As ProShares UltraShort MSCI Emerging Markets Stock Falls 26.5% (EEV)

By James Quinn

SmarTrend identified a Downtrend for ProShares UltraShort MSCI Emerging Markets (AMEX:EEV) on January 5th, 2017 at $15.45. In approximately 6 months, ProShares UltraShort MSCI Emerging Markets has returned 26.54% as of today's recent price of $11.35.

In the past 52 weeks, ProShares UltraShort MSCI Emerging Markets share prices have been bracketed by a low of $11.16 and a high of $31.73 and are now at $11.35, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has risen 0.2%.

UltraShort MSCI Emerging Markets ProShares is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Emerging Markets 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 UltraShort MSCI Emerging Markets.

Log in and add ProShares UltraShort MSCI Emerging Markets (EEV) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights amex:eev proshares ultrashort msci emerging markets

Ticker(s): EEV