UCO Crosses Above Key Moving Average Level

In trading on Friday, shares of the Proshares Ultra DJ-UBS Crude Oil ETF (UCO) crossed above their 200 day moving average of $32.54, changing hands as high as $32.96 per share. Proshares Ultra DJ-UBS Crude Oil shares are currently trading up about 4.4% on the day. The chart below shows the one year performance of UCO shares, versus its 200 day moving average:

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Proshares Ultra DJ-UBS Crude Oil 200 Day Moving Average Chart

Looking at the chart above, UCO's low point in its 52 week range is $24.75 per share, with $40.02 as the 52 week high point — that compares with a last trade of $32.86.

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