Bullish Two Hundred Day Moving Average Cross - GLL

In trading on Tuesday, shares of the Proshares UltraShort Gold ETF (GLL) crossed above their 200 day moving average of $89.56, changing hands as high as $90.11 per share. Proshares UltraShort Gold shares are currently trading up about 3.5% on the day. The chart below shows the one year performance of GLL shares, versus its 200 day moving average:

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Proshares UltraShort Gold 200 Day Moving Average Chart

Looking at the chart above, GLL's low point in its 52 week range is $76.83 per share, with $106.44 as the 52 week high point — that compares with a last trade of $89.98.

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