SCO Stock ProShares UltraShort Bloomberg Crude Oil (SCO, $16.62) entered Downtrend as Momentum indicator drops below 0 level on Jun 13, 2024

A.I.dvisor
at Tickeron.com
06/14/24
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SCO - ProShares UltraShort Bloomberg Crude Oil
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $16.62
Daily change: $0 (0%)
Daily volume: 1.1M
Net Assets: $167.2M
This indicator may be signaling that SCO's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 81 similar cases where SCO's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Commodities
Address
ProShares Trust II7501 WISCONSIN AVEBethesda
Phone
240-497-6400
Web
www.proshares.com