SCC Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of the Proshares UltraShort Consumer Discretionary ETF (Symbol: SCC) crossed below their 200 day moving average of $14.87, changing hands as low as $14.45 per share. Proshares UltraShort Consumer Discretionary shares are currently trading off about 4% on the day. The chart below shows the one year performance of SCC shares, versus its 200 day moving average:

Looking at the chart above, SCC’s low point in its 52 week range is $13.12 per share, with $18.30 as the 52 week high point — that compares with a last trade of $14.49.

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

Further SCC Research:

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