Bullish Two Hundred Day Moving Average Cross - BIB

In trading on Wednesday, shares of the ProShares Ultra Nasdaq Biotechnology ETF (BIB) crossed above their 200 day moving average of $43.90, changing hands as high as $47.50 per share. ProShares Ultra Nasdaq Biotechnology shares are currently trading up about 12.2% on the day. The chart below shows the one year performance of BIB shares, versus its 200 day moving average:

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ProShares Ultra Nasdaq Biotechnology 200 Day Moving Average Chart

Looking at the chart above, BIB's low point in its 52 week range is $33.97 per share, with $73.73 as the 52 week high point — that compares with a last trade of $43.80.

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