ProShares UltraShort 20+ Year Treasury Has Returned 3.7% Since SmarTrend Recommendation (TBT)
SmarTrend identified a Downtrend for ProShares UltraShort 20+ Year Treasury (NYSE: TBT) on July 11, 2011 at $32.70. In approximately 3 weeks, ProShares UltraShort 20+ Year Treasury has returned 3.7% as of today's recent price of $31.48.
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 $31.48, which is 6% above that low price.
ProShares UltraShort 20+ Year Treasury is currently below its 50-day moving average of $33.19 and below its 200-day moving average of $36.17. 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 0.27% while the 200-day MA has remained constant.
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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