ProShares Ultra Bloomberg Crude (UCO)

ProShares Ultra Bloomberg Crude is trading at $44.29, up 1.20% on the session. The 50 day average sits at $38.83 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 55.2, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $36.90 with resistance near $41.91, so that band frames the current range. Average daily movement is roughly $2.13, or about 4.8% of the share price, which is what any stop placement has to allow for. The overall health score of 60 out of 100 combines a trend score of 64, momentum of 81 and a risk score of 24.

The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts, and option contracts) based on WTI sweet, light crude oil. It will not invest directly in oil.