Proshares UltraShort DJ-UBS Commodity Breaks Above 200-Day Moving Average - Bullish for CMD

In trading on Thursday, shares of the Proshares UltraShort DJ-UBS Commodity ETF (CMD) crossed above their 200 day moving average of $59.56, changing hands as high as $61.89 per share. Proshares UltraShort DJ-UBS Commodity shares are currently trading up about 6% on the day. The chart below shows the one year performance of CMD shares, versus its 200 day moving average:

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Proshares UltraShort DJ-UBS Commodity 200 Day Moving Average Chart

Looking at the chart above, CMD's low point in its 52 week range is $48.98 per share, with $68.89 as the 52 week high point — that compares with a last trade of $62.10.

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