ProShares UltraPro Short Russell2000 (SRTY)

ProShares UltraPro Short Russell2000 is trading at $21.36, up 3.14% on the session. The 50 day average sits at $22.76 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 37.1, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $20.48 with resistance near $23.42, so that band frames the current range. Average daily movement is roughly $0.85, or about 4.0% of the share price, which is what any stop placement has to allow for. The overall health score of 35 out of 100 combines a trend score of 25, momentum of 25 and a risk score of 64.

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.