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Uptrend Call Working As ProShares Ultra DJ-UBS Crude Oil Stock Rises 14.1% (UCO)

By Amy Schwartz

SmarTrend identified an Uptrend for ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) on January 22nd, 2014 at $30.53. In approximately 4 weeks, ProShares Ultra DJ-UBS Crude Oil has returned 14.05% as of today's recent price of $34.82.

In the past 52 weeks, shares of ProShares Ultra DJ-UBS Crude Oil have traded between a low of $24.75 and a high of $40.02 and are now at $34.82, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

ProShares Ultra DJ-UBS Crude Oil is an exchange-traded fund incorporated in the USA. The Fund will seek daily investment results that correspond to twice (200%) the daily performance, whether positive or negative, of its corresponding benchmark. The Fund tracks a multiple or inverse multiple of the daily performance of Dow Jones-AIG Crude Oil Sub-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 DJ-UBS Crude Oil shares.

Log in and add ProShares Ultra DJ-UBS Crude Oil (UCO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights proshares ultra dj-ubs crude oil

Ticker(s): UCO