SCO Makes Bullish Cross Above Critical Moving Average

In trading on Tuesday, shares of the ProShares UltraShort Bloomberg Crude Oil ETF (SCO) crossed above their 200 day moving average of $58.19, changing hands as high as $60.88 per share. ProShares UltraShort Bloomberg Crude Oil shares are currently trading up about 6.1% 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 $60.19.

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