GLL Crosses Below Key Moving Average Level

In trading on Monday, shares of the Proshares UltraShort Gold ETF ( GLL) crossed below their 200 day moving average of $91.38, changing hands as low as $91.08 per share. Proshares UltraShort Gold shares are currently trading down about 1.2% on the day. The chart below shows the one year performance of GLL shares, versus its 200 day moving average:

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Proshares UltraShort Gold 200 Day Moving Average Chart

Looking at the chart above, GLL's low point in its 52 week range is $61.53 per share, with $114.96 as the 52 week high point — that compares with a last trade of $91.48.

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