ProShares UltraPro Short Russell2000 (SRTY)

ProShares UltraPro Short Russell2000 is trading at $27.27, up 0.33% on the session. The 50 day average sits at $24.28 and the 200 day at $28.77, which puts the stock in a downtrend. RSI is at 66.3, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $24.96 with resistance near $29.20, so that band frames the current range. Average daily movement is roughly $1.03, or about 3.8% of the share price, which is what any stop placement has to allow for. The overall health score of 63 out of 100 combines a trend score of 50, momentum of 87 and a risk score of 52.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is a measure of small-cap U.S. stock market performance. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.