ProShares Ultra MSCI Brazil Capped Breaks Above 200-Day Moving Average – Bullish for UBR

In trading on Friday, shares of the ProShares Ultra MSCI Brazil Capped ETF (Symbol: UBR) crossed above their 200 day moving average of $31.06, changing hands as high as $31.73 per share. ProShares Ultra MSCI Brazil Capped shares are currently trading up about 4.6% on the day. The chart below shows the one year performance of UBR shares, versus its 200 day moving average:

Looking at the chart above, UBR’s low point in its 52 week range is $18.09 per share, with $43.88 as the 52 week high point — that compares with a last trade of $31.73.

Click here to find out which 9 other ETFs recently crossed above their 200 day moving average »

Further UBR Research:

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