SH makes a notable crossover below the critical moving average

IDuring Wednesday’s trading, shares of the ProShares Short S&P500 ETF (Symbol: SH) broke below their 200-day moving average of $14.81, changing hands as low as $14.78 per share . ProShares Short S&P500 shares are currently trading around 1.9% lower on the day. The chart below shows the one-year performance of SH shares, compared to its 200-day moving average:

Looking at the chart above, SH’s low point in its 52-week range is $13.47 per share, with $17.20 as its 52-week high – compare with a last trade of 14.81 $.

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

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