Recent 52-Week High Exceeded in Shares of ProShares Ultra QQQ (QLD)

Shares of ProShares Ultra QQQ QLD traded at a new 52-week high today of $96.13. Approximately 1.8 million shares have traded hands today vs. average 30-day volume of 3.7 million shares.

ProShares Ultra QQQ is currently trading at $96.07, approximately 9.4% above its 50-day moving average of $87.83. SmarTrend will be monitoring shares of QLD to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.63%.

In the past 52 weeks, shares of ProShares Ultra QQQ have traded between a low of $50.77 and a high of $95.90 and are now at $95.40, which is 88% above that low price.

SmarTrend currently has shares of ProShares Ultra QQQ in an Uptrend and issued the Uptrend alert on June 28, 2011 at $84.33. The stock has risen 12% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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