UVT – Take the Money and Run

By
A A A

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

Chart Key

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

The Best-Kept Secrets at Vanguard Revealed - If you're ready for the inside help that gives you special advantages over other investors at Vanguard, sign up now for Dan Wiener's free newsletter, Fund Focus Weekly. Each week you'll get independent information on Vanguard's best mutual funds to buy and sell, advance announcements of new funds, changes in management, plus much more! Sign up and get started today!



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: CBR , ETF , UVT

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

Stocks

Referenced

Most Active by Volume

64,468,789
  • $74.46 ▼ 1.85%
57,954,251
  • $9.3905 ▼ 6.10%
41,064,555
  • $17.09 ▲ 0.59%
33,364,436
  • $42.235 ▲ 0.37%
31,572,449
  • $32.78 ▼ 3.36%
31,296,356
  • $11.65 ▲ 3.93%
27,739,062
  • $4.6301 ▼ 13.94%
26,351,413
  • $10.06 ▼ 8.21%
As of 10/30/2014, 01:58 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com