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Downtrend Call Working As ProShares UltraShort MSCI Emerging Markets Stock Falls 26.0% (EEV)

By David Diaz

SmarTrend identified a Downtrend for ProShares UltraShort MSCI Emerging Markets (AMEX:EEV) on January 5th, 2017 at $15.45. In approximately 5 months, ProShares UltraShort MSCI Emerging Markets has returned 25.95% as of today's recent price of $11.44.

Over the past year, ProShares UltraShort MSCI Emerging Markets has traded in a range of $11.31 to $31.73 and is now at $11.44, 1% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 1.83% lower over the past week, respectively.

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