ProShares UltraShort Technology (REW) Shares Cross Above 200 DMA

ProShares UltraShort Technology (REW) crossed above its 200-day moving average of $12.34 and traded as high as $12.62, with shares up roughly 5.7% on the day. The move represents a short-term technical breakout for the inverse technology ETF and may reflect increased short-side positioning or volatility in technology exposure.

Analysis

ProShares UltraShort Technology (REW) crossed above its 200-day moving average of $12.34 and traded as high as $12.62, with shares up roughly 5.7% on the day. The move represents a short-term technical breakout for the inverse technology ETF and may reflect increased short-side positioning or volatility in technology exposure.