ProShares Ultra Basic Materials (UYM) Shares Cross Below 200 DMA

In trading on Friday, shares of the ProShares Ultra Basic Materials ETF (UYM) crossed below their 200 day moving average of $51.73, changing hands as low as $51.68 per share. ProShares Ultra Basic Materials shares are currently trading off about 1.2% 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 $51.80.

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