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ProShares Ultra Basic Materials Down 14.4% Since SmarTrend Downtrend Call (UYM)Jun 07, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for ProShares Ultra Basic Materials (NYSE:UYM) on March 6th, 2012 at $35.91. In approximately 3 months, ProShares Ultra Basic Materials has returned 14.36% as of today's recent price of $30.75. ProShares Ultra Basic Materials share prices have moved between a 52-week high of $55.89 and a 52-week low of $22.04 and are now trading 40% above that low price at $30.75 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.5%. Ultra Basic Materials ProShares is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ProShares Ultra Basic Materials. Log in and add ProShares Ultra Basic Materials (UYM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |