ProShares Ultra Russell2000 (UWM)

ProShares Ultra Russell2000 is trading at $54.70, down 2.15% on the session. The 50 day average sits at $61.30 and the 200 day at $58.09, which puts the stock in a uptrend. RSI is at 32.8, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $53.26 with resistance near $59.33, so that band frames the current range. Average daily movement is roughly $1.50, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 33, momentum of 24 and a risk score of 71.

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 performance of the small-cap segment of the U.S. markets. 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. It is non-diversified.