EUM Crosses Below Key Moving Average Level

In trading on Tuesday, shares of the Proshares Short MSCI Emerging Markets ETF ( EUM) crossed below their 200 day moving average of $27.84, changing hands as low as $27.82 per share. Proshares Short MSCI Emerging Markets shares are currently trading off about 2.1% on the day. The chart below shows the one year performance of EUM shares, versus its 200 day moving average:

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Proshares Short MSCI Emerging Markets 200 Day Moving Average Chart

Looking at the chart above, EUM's low point in its 52 week range is $25.50 per share, with $32.05 as the 52 week high point — that compares with a last trade of $27.85.

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