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.
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.