Mid-Day Follow-Up Commentary on Selected Stock: (NYSE: UVXY), (NYSE: AKS)
New York, NY -- (SBWIRE) -- 02/07/2013 -- ProShares Ultra VIX Short Term Fut ETF (NYSE: UVXY) traded in the range of $10.68 and $11.81 during its latest trading session. The ETF opened at $10.72 and is currently at $11.45, up 4.08 percent from its previous close of $11.02. Despite its up movement, the fund’s MACD chart shows neutral trend and it may go down to $10.95 level in the coming session. ProShares Ultra VIX is also trading above its short term moving average price of $11.24 but below long term moving average price of $12.64, which hints at mild bearish trend.
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