UVT – Take the Money and Run


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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.

On Aug. 30, I said , "The recent bounce from around $19 following a Collins-Bollinger Reversal (CBR) buy signal could pop UVT to resistance at around $24."

UVT closed yesterday at $24, so if you bought this ultra ETF when I recommended it, it is time to take your money and run.

Remember, bulls and bears make money, but pigs get slaughtered.

UVT Chart

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If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

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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 Nasdaq, Inc.

This article appears in: Investing , Stocks
More Headlines for: CBR , ETF , UVT

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