With Stocks Looking Very Tired, This ETF Could Reverse From Support (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 looking very tired, (NYSE:SJH) could reverse from support at $20 and attack the 50-day moving average at $22 for a run to $24,” Sam Collins Reports From Investor Place.

Collins goes on to say, “But don’t stay with this one very long. Taking profits and then waiting for a better buying opportunity is prudent. This is a speculative, leveraged ETF that 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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