SRS Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of the Proshares UltraShort Real Estate ETF (SRS) crossed below their 200 day moving average of $21.48, changing hands as low as $21.20 per share. Proshares UltraShort Real Estate shares are currently trading off about 2.7% on the day. The chart below shows the one year performance of SRS shares, versus its 200 day moving average:

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Proshares UltraShort Real Estate 200 Day Moving Average Chart

Looking at the chart above, SRS's low point in its 52 week range is $16.84 per share, with $28.31 as the 52 week high point — that compares with a last trade of $21.57.

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