Uptrend Spotted in Shares of ProShares Ultra Technology (ROM)
Tuesday, March 9, 2010 - 07:36
Written on Tue, 03/09/2010 - 7:36am
By Chip Brian

SmarTrend identified an Uptrend for ProShares Ultra Technology (NYSE:ROM) on February 17, 2010 at $48.02. In approximately 3 weeks, ProShares Ultra Technology has returned 7.2% as of today's recent price of $51.48.
ProShares Ultra Technology is currently above its 50-day moving average of $49.66 and above its 200-day moving average of $42.31. Look for these moving averages to climb to confirm the company's upward momentum.
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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