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Uptrend Call Working As ProShares Ultra QQQ Stock Rises 25.6% (QLD)

By Nick Russo

SmarTrend identified an Uptrend for ProShares Ultra QQQ (AMEX:QLD) on November 18th, 2016 at $84.71. In approximately 4 months, ProShares Ultra QQQ has returned 25.65% as of today's recent price of $106.43.

Over the past year, ProShares Ultra QQQ has traded in a range of $55.00 to $155.04 and is now at $106.41, 93% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

Ultra QQQ 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 NASDAQ-100 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 QQQ shares.

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

Keywords: spotlights amex:qld proshares ultra qqq

Ticker(s): QLD