REK Crosses Above Key Moving Average Level

In trading on Thursday, shares of the Proshares Short Real Estate ETF ( REK) crossed above their 200 day moving average of $26.95, changing hands as high as $27.28 per share. Proshares Short Real Estate shares are currently trading up about 2.2% on the day. The chart below shows the one year performance of REK shares, versus its 200 day moving average:

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Proshares Short Real Estate 200 Day Moving Average Chart

Looking at the chart above, REK's low point in its 52 week range is $23.20 per share, with $31.10 as the 52 week high point — that compares with a last trade of $27.16.
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