In trading on Wednesday, shares of the Proshares Short Basic Materials ETF (SBM) crossed above their 200 day moving average of $34.92, changing hands as high as $35.07 per share. Proshares Short Basic Materials shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of SBM shares, versus its 200 day moving average:
Proshares Short Basic Materials (SBM) Shares Cross Above 200 DMA
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