Bank a Quick Profit With The UltraShort Russell ETF (SJH)

“The ProShares UltraShort Russell2000 Value (NYSE:SJH) — This fund seeks daily results, before fees and expenses, that correspond to twice the inverse of the daily performance of the Russell 2000 Value Index, so this leveraged ETF could be an effective tool to profit from a downturn in those stocks. With stocks closing in on major resistance, and SJH giving off a short-term buy signal with a pending buy from its stochastic, this ETF could break through its 50-day moving average for a run to $24 to $26,” Sam Collins Reports From Investor Place.

Collins goes on to say, “But don’t stay with this one very long. It is prudent to take a quick profit, and then wait for another buying opportunity. This speculative, leveraged ETF is primarily suited to day trading. Be sure to check for any special margin requirements and, recognizing the high risk of this trade, place a stop-loss order at the time of execution.”

SJH Chart

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