TPS Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of the Proshares UltraShort TIPS ETF (TPS) crossed below their 200 day moving average of $28.86, changing hands as low as $28.64 per share. Proshares UltraShort TIPS shares are currently trading off about 0.9% on the day. The chart below shows the one year performance of TPS shares, versus its 200 day moving average:

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Proshares UltraShort TIPS 200 Day Moving Average Chart

Looking at the chart above, TPS's low point in its 52 week range is $25.05 per share, with $31.38 as the 52 week high point — that compares with a last trade of $28.66.

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