Proshares Ultra Real Estate Breaks Above 200-Day Moving Average - Bullish for URE

In trading on Friday, shares of the Proshares Ultra Real Estate ETF ( URE) crossed above their 200 day moving average of $73.77, changing hands as high as $73.99 per share. Proshares Ultra Real Estate shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of URE shares, versus its 200 day moving average:

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Proshares Ultra Real Estate 200 Day Moving Average Chart

Looking at the chart above, URE's low point in its 52 week range is $62.34 per share, with $96.88 as the 52 week high point — that compares with a last trade of $73.04.

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