ProShares Ultra Technology Has Returned 20.6% Since SmarTrend Recommendation (ROM)
SmarTrend identified an Uptrend for ProShares Ultra Technology (NYSE:ROM) on July 11th, 2016 at $78.32. In approximately 3 months, ProShares Ultra Technology has returned 20.58% as of today's recent price of $94.43.
Over the past year, ProShares Ultra Technology has traded in a range of $29.01 to $167.30 and is now at $94.43, 226% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.
Ultra Technology ProShares is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Technology Index.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ProShares Ultra Technology shares.
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