Bullish Two Hundred Day Moving Average Cross - UGL

In trading on Tuesday, shares of the Proshares Ultra Gold ETF (UGL) crossed above their 200 day moving average of $49.78, changing hands as high as $49.80 per share. Proshares Ultra Gold shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of UGL shares, versus its 200 day moving average:

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Proshares Ultra Gold 200 Day Moving Average Chart

Looking at the chart above, UGL's low point in its 52 week range is $40.09 per share, with $82.48 as the 52 week high point — that compares with a last trade of $49.40.

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