Proshares UltraShort MSCI Emerging Markets Breaks Above 200-Day Moving Average - Bullish For EEV

In trading on Friday, shares of the Proshares UltraShort MSCI Emerging Markets ETF ( EEV) crossed above their 200 day moving average of $23.43, changing hands as high as $23.64 per share. Proshares UltraShort MSCI Emerging Markets shares are currently trading up about 2.5% on the day. The chart below shows the one year performance of EEV shares, versus its 200 day moving average:

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Proshares UltraShort MSCI Emerging Markets 200 Day Moving Average Chart

Looking at the chart above, EEV's low point in its 52 week range is $20.31 per share, with $34.70 as the 52 week high point — that compares with a last trade of $23.52.
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