Clearing short term moving average

ProShares UltraShort Lehman 20+ Year Treasury ($TBT) is crossing above the 50 day moving average. The 50 day moving average is viewed as a medium to short term support / resistance.

52 Week Range $38.15-$59.99
Market Cap 3,258,281,000
Average Volume 2,329,138
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 0.00%
Percentage of Float Short 8.10%
Beta 1.23

ProShares UltraShort Lehman 20+ Year Treasury is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

ProShares UltraShort Lehman 20+ Year Treasury The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Barclays U.S. 20+ Year Treasury Bond Index.
The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index includes all publicly issued, U.S. Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in U.S. dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding. The fund is non-diversified.

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