REK Makes Bullish Cross Above Critical Moving Average

In trading on Thursday, shares of the ProShares Short Real Estate ETF ( REK) crossed above their 200 day moving average of $20.65, changing hands as high as $20.68 per share. ProShares Short Real Estate shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of REK shares, versus its 200 day moving average:

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ProShares Short Real Estate 200 Day Moving Average Chart

Looking at the chart above, REK's low point in its 52 week range is $18.77 per share, with $23.43 as the 52 week high point — that compares with a last trade of $20.60.