ProShares UltraShort Financials (
This exchange-traded fund (
) seeks to achieve results that are twice the inverse of the daily
performance of the Dow Jones U.S. Financial Index.
These shares are highly volatile. In March, this inverse ETF
traded above $260.
On Nov. 17, at $24.40,
, "With the markets at a
and banks considered overpriced by a top analyst, traders may want
to take a position in this very volatile ETF for a quick trade ...
Stop-loss orders should be entered at $22. The target for this
trade is $28 to $30."
The stop-loss order at $22 was triggered, but a bottom appears
to have followed shortly thereafter just below that level, and the
long-term resistance line at $24 was broken in January.
The trading objective is changed to $36 due to the powerful
high-volume buying. Stop-loss orders should still be entered at
This is an inverse, leveraged ETF and only suitable for
, not long-term investors.
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