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ProShares Ultra Health Care (RXL) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 25 Jul 2014HammerBearish EngulfingThu, 24 Jul 2014-1.09%
***Stock database and scans are updated around midnight (New York time) every trading day.
100.27 -1.11 (-1.11%) Jul 25 4:00pm EDT
Open: 100.75 Range: 99.391 - 100.75 Vol: 5.37K Avg Vol: 9.74K
EPS: 0.00 P/E ratio: 0.00 EBITDA: 0 Mkt Cap: N/A
Analyze "RXL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 100.35
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 99.76
Last Trade is above the 50 day moving average at 96.10
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 86.59
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of RXL

ETF Trend Analysis - Buy, Sell or Hold "ProShares Ultra Health Care" (RXL)?

RXL is in a very strong uptrend. In the last 52 weeks, RXL has been trading above the 200 day moving average for 100% of the time with an average daily volume of 9.7K shares being traded. The 50 day moving average, currently at 96.10, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average confirms this view as the underlying strength in RXL is still very strong with price maintaining above the 20 SMA for 87.5% of the time in the last month of trading. Traders however need to be cognizant of the fact that some retracement may set in as many may use the strength in price to lock in profits. Traders who are thinking of going long RXL shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 96.10 and 86.59 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "RXL".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 25 Jul 2014
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