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Downtrend Call Working As ProShares UltraShort Russell MidCap Growth Stock Falls 45.6% (SDK)

By Shiri Gupta

SmarTrend identified a Downtrend for ProShares UltraShort Russell MidCap Growth (NYSE:SDK) on December 11th, 2012 at $32.61. In approximately 13 months, ProShares UltraShort Russell MidCap Growth has returned 45.59% as of today's recent price of $17.74.

Over the past year, ProShares UltraShort Russell MidCap Growth has traded in a range of $17.66 to $32.28 and is now at $17.74, 0% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.7%.

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

Log in and add ProShares UltraShort Russell MidCap Growth (SDK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights proshares ultrashort russell midcap growth

Ticker(s): SDK