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TMCNet:  ProShares UltraPro S&P 500 Falls 5.65% on Heavy Volume: Watch For Potential Rebound

[February 25, 2013]

ProShares UltraPro S&P 500 Falls 5.65% on Heavy Volume: Watch For Potential Rebound

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- ProShares UltraPro S&P 500 (NASDAQ:UPRO) traded in a range yesterday that spanned from a low of $100.04 to a high of $108.06. Yesterday, the shares fell 5.6%, which took the trading range below the 3-day low of $102.05 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that subscribers consider buying shares of ProShares UltraPro S&P 500 on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.58. Since that recommendation, shares of ProShares UltraPro S&P 500 have risen 23.3%. We continue to monitor UPRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of ProShares UltraPro S&P 500 have traded between a low of $61.69 and a high of $109.12 and are now at $100.04, which is 62% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 1.65% higher over the past week, respectively.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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