GLL Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of the ProShares UltraShort Gold ETF (GLL) crossed below their 200 day moving average of $95.97, changing hands as low as $93.61 per share. ProShares UltraShort Gold shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of GLL shares, versus its 200 day moving average:

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ProShares UltraShort Gold 200 Day Moving Average Chart

Looking at the chart above, GLL's low point in its 52 week range is $80.41 per share, with $109.22 as the 52 week high point — that compares with a last trade of $94.22.

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