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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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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