Shares of TBT Down 19.1% Since Downtrend Call on Shares

SmarTrend identified a Downtrend for ProShares UltraShort 20+ Year Treasury TBT on July 11, 2011 at $32.70. In approximately 4 weeks since that trend was identified, ProShares UltraShort 20+ Year Treasury has fallen 19.1% as of today's recent price of $26.44.

In the past 52 weeks, shares of ProShares UltraShort 20+ Year Treasury have traded between a low of $26.50 and a high of $41.54 and are now at $26.44, which is -0% above that low price.

ProShares UltraShort 20+ Year Treasury is currently below its 50-day moving average of $32.49 and below its 200-day moving average of $36.01. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 1.15% while the 200-day MA has slid 0.25%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ProShares UltraShort 20+ Year Treasury.

Write to Chip Brian at cbrian@mysmartrend.com

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