Proshares Ultra MSCI EAFE Breaks Above 200-Day Moving Average - Bullish for EFO

In trading on Wednesday, shares of the Proshares Ultra MSCI EAFE ETF ( EFO) crossed above their 200 day moving average of $111.92, changing hands as high as $111.96 per share. Proshares Ultra MSCI EAFE shares are currently trading up about 1.4% on the day. The chart below shows the one year performance of EFO shares, versus its 200 day moving average:

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Proshares Ultra MSCI EAFE 200 Day Moving Average Chart

Looking at the chart above, EFO's low point in its 52 week range is $87.68 per share, with $124.37 as the 52 week high point — that compares with a last trade of $111.83.