SCO Crosses Below Key Moving Average Level

In trading on Tuesday, shares of the ProShares UltraShort Bloomberg Crude Oil ETF (SCO) crossed below their 200 day moving average of $56.09, changing hands as low as $53.84 per share. ProShares UltraShort Bloomberg Crude Oil shares are currently trading down about 5.6% on the day. The chart below shows the one year performance of SCO shares, versus its 200 day moving average:

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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 $110.94 as the 52 week high point — that compares with a last trade of $53.96.

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