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TMCNet:  Uptrend Call Working As ProShares UltraShort Gold Stock Rises 55.3% (GLL)

[June 20, 2013]

Uptrend Call Working As ProShares UltraShort Gold Stock Rises 55.3% (GLL)

Jun 20, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for ProShares UltraShort Gold (NYSE:GLL) on December 18th, 2012 at $62.27. In approximately 6 months, ProShares UltraShort Gold has returned 55.30% as of today's recent price of $96.71.

ProShares UltraShort Gold share prices have moved between a 52-week high of $97.76 and a 52-week low of $55.04 and are now trading 76% above that low price at $96.71 per share. The 200-day and 50-day moving averages have moved 0.52% higher and 1.37% higher over the past week, respectively.

ProShares UltraShort Gold is an exchange-traded fund incorporated in the USA. The Fund will seek daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of its corresponding benchmark. The Fund tracks the daily performance of gold bullion as measured by the U.S. Dollar fixing price for delivery in London.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ProShares UltraShort Gold shares.Log in and add ProShares UltraShort Gold (GLL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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