UPW Crosses Below Key Moving Average Level

In trading on Thursday, shares of the Proshares Ultra Utilities ETF ( UPW) crossed below their 200 day moving average of $62.07, changing hands as low as $61.91 per share. Proshares Ultra Utilities shares are currently trading down about 4.8% on the day. The chart below shows the one year performance of UPW shares, versus its 200 day moving average:

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Proshares Ultra Utilities 200 Day Moving Average Chart

Looking at the chart above, UPW's low point in its 52 week range is $50.57 per share, with $77.90 as the 52 week high point — that compares with a last trade of $62.11.
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