UYM Crosses Below Key Moving Average Level

In trading on Thursday, shares of the ProShares Ultra Basic Materials ETF ( UYM) crossed below their 200 day moving average of $51.90, changing hands as low as $51.57 per share. ProShares Ultra Basic Materials shares are currently trading down about 1% on the day. The chart below shows the one year performance of UYM shares, versus its 200 day moving average:

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ProShares Ultra Basic Materials 200 Day Moving Average Chart

Looking at the chart above, UYM's low point in its 52 week range is $42.39 per share, with $58.40 as the 52 week high point — that compares with a last trade of $51.74.

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