ProShares UltraShort Lehman 20 (TBT)

ProShares UltraShort Lehman 20 is trading at $38.97, down 0.31% on the session. The 50 day average sits at $36.36 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 62, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $37.33 with resistance near $38.49, so that band frames the current range. Average daily movement is roughly $0.58, or about 1.5% of the share price, which is what any stop placement has to allow for. The overall health score of 72 out of 100 combines a trend score of 72, momentum of 80 and a risk score of 61.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified.