ProShares Ultra Semiconductors (USD)

ProShares Ultra Semiconductors is trading at $89.39, down 6.39% on the session. The 50 day average sits at $91.84 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 $83.03 with resistance near $94.26, so that band frames the current range. Average daily movement is roughly $6.37, or about 7.1% of the share price, which is what any stop placement has to allow for. The overall health score of 53 out of 100 combines a trend score of 48, momentum of 84 and a risk score of 16.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the stock performance of U.S. companies in the semiconductors sub-sector. Under normal circumstances, the fund will obtain 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.