UPV Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of the Proshares Ultra Europe ETF (UPV) crossed below their 200 day moving average of $33.65, changing hands as low as $33.34 per share. Proshares Ultra Europe shares are currently trading down about 3% on the day. The chart below shows the one year performance of UPV shares, versus its 200 day moving average:

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Proshares Ultra Europe 200 Day Moving Average Chart

Looking at the chart above, UPV's low point in its 52 week range is $21.69 per share, with $39.71 as the 52 week high point — that compares with a last trade of $33.34.

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