Proshares Short Basic Materials (SBM) Shares Cross Above 200 DMA

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:

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Proshares Short Basic Materials 200 Day Moving Average Chart

Looking at the chart above, SBM's low point in its 52 week range is $31.10 per share, with $40.81 as the 52 week high point — that compares with a last trade of $35.07.

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