UGL Crosses Above Key Moving Average Level

In trading on Wednesday, shares of the Proshares Ultra Gold ETF ( UGL) crossed above their 200 day moving average of $46.82, changing hands as high as $47.80 per share. Proshares Ultra Gold shares are currently trading up about 3.4% 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 $58.80 as the 52 week high point — that compares with a last trade of $47.73.

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