KRU Makes Bullish Cross Above Critical Moving Average

In trading on Thursday, shares of the Proshares Ultra KBW Regional Banking ETF ( KRU) crossed above their 200 day moving average of $82.45, changing hands as high as $83.50 per share. Proshares Ultra KBW Regional Banking shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of KRU shares, versus its 200 day moving average:

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Proshares Ultra KBW Regional Banking 200 Day Moving Average Chart

Looking at the chart above, KRU's low point in its 52 week range is $56.49 per share, with $101.20 as the 52 week high point — that compares with a last trade of $83.50.