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ProShares Ultra Real Estate: The Trend Continues Higher (URE)
Mar 03, 2010 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for ProShares Ultra Real Estate (NYSE:URE) on February 18, 2010 at $6.55. In approximately 2 weeks, ProShares Ultra Real Estate has returned 5.6% as of today's recent price of $6.92.
ProShares Ultra Real Estate is currently above its 50-day moving average of $6.61 and above its 200-day moving average of $5.37. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ProShares Ultra Real Estate shares.
Write to Chip Brian at cbrian@tradethetrend.com
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