Trade This ETF for a Quick Profit


ProShares Ultra Russell 2000 Value ETF (NYSE: UVT ) - 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 since December.

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.

UVT Chart

Chart Key

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: ETF , UVT

Sam Collins

Sam Collins

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