Proshares UltraShort Basic Materials (SMN) Shares Cross Above 200 DMA

In trading on Wednesday, shares of the Proshares UltraShort Basic Materials ETF ( SMN) crossed above their 200 day moving average of $57.66, changing hands as high as $57.80 per share. Proshares UltraShort Basic Materials shares are currently trading up about 2.9% on the day. The chart below shows the one year performance of SMN shares, versus its 200 day moving average:

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Proshares UltraShort Basic Materials 200 Day Moving Average Chart

Looking at the chart above, SMN's low point in its 52 week range is $48.34 per share, with $79.44 as the 52 week high point — that compares with a last trade of $57.23.
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