Volume Spike Detected in Shares of ProShares UltraShort 20+ Year Treasury as They Move Lower on 1.3x Above-Average Volume (TBT)
Shares of ProShares UltraShort 20+ Year Treasury (NYSE: TBT) are trading down 4.6% to $31.22 today on above average volume. Approximately 26.3 million shares have traded hands today vs. average 30-day volume of 11.4 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of TBT to see if this bearish momentum will continue.
ProShares UltraShort 20+ Year Treasury is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to twice (200%) the inverse of the daily performance of the corresponding Treasury Bond.
In the last five trading sessions, the 50-day MA has fallen 0.27% while the 200-day MA has remained constant.
In the past 52 weeks, shares of ProShares UltraShort 20+ Year Treasury have traded between a low of $29.77 and a high of $41.54 and are now at $31.85, which is 7% above that low price.
Write to Chip Brian at cbrian@mysmartrend.com
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