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SmarTrend identified a Downtrend for ProShares UltraShort 20+ Year Treasury (NYSE: 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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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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