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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Jun 2016Hanging ManHanging ManThu, 23 Jun 2016-5.15%
***Stock database and scans are updated around midnight (New York time) every trading day.
61.59 0.00 (0%) Jun 29 9:57am EDT
Open: 61.2800 Range: 61.1900 - 61.6000 Vol: 9.05K Avg Vol: 9.51K
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "RXL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 60.84
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 62.98
Last Trade is below the 50 day moving average at 62.05
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 60.71
* 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 downtrend. For the last 52 weeks, RXL has maintained to stay firmly below the 200 day moving average for 89% of the time. Rallies will be sold into until the downtrend reverses. The 50 day moving average is however indicating a medium term trading range with a bullish upside inclination. The 20 day moving average is however showing some signs of weakness as RXL has been trading below its 20 SMA for 62.5% of the time in the last 8 weeks. As RXL is in a downtrend characterized by the 200 SMA, currently at 60.71, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although RXL may get a short term oversold bounce. 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 - Tue, 28 Jun 2016
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