ProShares UltraShort Bloomberg Crude Oil (SCO, $20.38) price may drop as it broke higher Bollinger Band on Apr 04, 2025

@Trading, #TechnicalAnalysis, #Bollinger, #Bearish, #ETFs
SCO - ProShares UltraShort Bloomberg Crude Oil
Bollinger signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $20.38
Daily change: +$1.74 (+9.33%)
Daily volume: 7.5M
Net Assets: $201.4M

This price move could be a signal that SCO may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 38 similar cases where SCO's price broke its higher Bollinger Band, and 37 of them led to a successful outcome. Odds of Success: 90%.