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Proshares UltraShort Euro Breaks Above 200-Day Moving Average - Bullish for EUO

This article is more than 10 years old.

In trading on Wednesday, shares of the Proshares UltraShort Euro ETF (AMEX: EUO) crossed above their 200 day moving average of $20.12, changing hands as high as $20.22 per share. Proshares UltraShort Euro shares are currently trading up about 1.4% on the day. The chart below shows the one year performance of EUO shares, versus its 200 day moving average:

Click here to find out which 9 other ETFs recently crossed above their 200 day moving average, at ETF Channel »

Looking at the chart above, EUO's low point in its 52 week range is $17.56 per share, with $23.04 as the 52 week high point — that compares with a last trade of $20.18.


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