ProShares Ultra Russell 2000 Value ETF
) - This leveraged exchange-traded fund (ETF) seeks daily
investment results that correspond to twice the daily performance
of the Russell 2000 Value Index.
UVT has rallied from a major support line at $19 four times
On Wednesday, it performed a "daily reversal" and followed
through on Friday with a higher close, and its stochastic issued
a short-term buy signal.
The target for a trade in UVT is $22 to $24.
UVT is for traders only. The SEC has determined that "ultra"
funds are not appropriate long-term investments and that they are
designed for short-term trades.
UVT carries greater risk than an ordinary ETF, so traders
should use stop-loss orders. Finally, the margin requirement for
most leveraged ETFs is 100%, but check with your broker before
entering an order.
If you have questions or comments for Sam Collins, please
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