SCO Makes Bullish Cross Above Critical Moving Average

In trading on Thursday, shares of the Proshares UltraShort Bloomberg Crude Oil ETF ( SCO) crossed above their 200 day moving average of $29.60, changing hands as high as $29.81 per share. Proshares UltraShort Bloomberg Crude Oil shares are currently trading up about 5% on the day. The chart below shows the one year performance of SCO shares, versus its 200 day moving average:

START SLIDESHOW:
Click here to find out which 9 other ETFs recently crossed above their 200 day moving average »

Proshares UltraShort Bloomberg Crude Oil 200 Day Moving Average Chart

Looking at the chart above, SCO's low point in its 52 week range is $24.06 per share, with $36.64 as the 52 week high point — that compares with a last trade of $29.76.

If you liked this article you might like

Here Are Three Reasons to Short Crude Oil

Three Reasons to Short Crude Oil

Looking for Investments in This Crazy Market? Here Are 2 Longs and 2 Shorts to Watch

SCO April 2nd Options Begin Trading

Notable ETF Outflow Detected - SCO