XPP Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of the Proshares Ultra FTSE China 25 ETF ( XPP) crossed below their 200 day moving average of $52.79, changing hands as low as $52.25 per share. Proshares Ultra FTSE China 25 shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of XPP shares, versus its 200 day moving average:

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Proshares Ultra FTSE China 25 200 Day Moving Average Chart

Looking at the chart above, XPP's low point in its 52 week range is $37.13 per share, with $67.75 as the 52 week high point — that compares with a last trade of $52.35.
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