Market Overview

Shares of ProShares UltraShort FTSE/Xinhua China 25 are Moving Higher on 1.8x Above-Average Volume (FXP)

(via COMTEX News Network)--

Shares of ProShares UltraShort FTSE/Xinhua China 25 (AMEX: FXP) are trading up 7.1% to $34.63 today on above average volume. Approximately 709,000 shares have traded hands today vs. average 30-day volume of 387,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of FXP to see if this bullish momentum will continue.

SmarTrend currently has shares of ProShares UltraShort FTSE/Xinhua China 25 in an Uptrend and issued the Uptrend alert on July 12, 2011 at $29.45. The stock has risen 9.8% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.84% while the 200-day MA has risen 0.18%.

In the past 52 weeks, shares of ProShares UltraShort FTSE/Xinhua China 25 have traded between a low of $24.60 and a high of $39.60 and are now at $34.18, which is 39% above that low price.

Write to Chip Brian at


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