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Downtrend Call Working As UltraShort Russell1000 Value ProShares Stock Falls 52.0% (SJF)

By Nick Russo

SmarTrend identified a Downtrend for UltraShort Russell1000 Value ProShares (AMEX:SJF) on December 3rd, 2012 at $79.94. In approximately 18 months, UltraShort Russell1000 Value ProShares has returned 51.96% as of today's recent price of $38.40.

Over the past year, UltraShort Russell1000 Value ProShares has traded in a range of $37.81 to $58.85 and is now at $38.40, 2% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.2%.

UltraShort Russell1000 Value 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 1000 Value Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of UltraShort Russell1000 Value ProShares.

Log in and add UltraShort Russell1000 Value ProShares (SJF) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights amex:sjf ultrashort russell1000 value proshares

Ticker(s): SJF