ProShares UltraShort Bloomberg Crude Oil (SCO, $16.9) price may drop as it broke higher Bollinger Band on May 01, 2024

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05/02/24

SCO - ProShares UltraShort Bloomberg Crude Oil

Bollinger signal

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Odds of DOWN Trend

Price: $16.9

Daily change: +$0.89 (+5.56%)

Daily volume: 2.9M

Net Assets: $191.4M

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 39 similar cases where SCO's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:

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