ProShares UltraShort Gold Miners (:GDXS) Up 7.12%, Can the Run Continue?

All three benchmark US indexes closed lower on Friday after fluctuating throughout the session.

ProShares UltraShort Gold Miners (:GDXS) performed nicely this week, continuing its impressive near-term upward movement.  The stock has moved north 7.12% over the past week of trading.  

Looking further out, over the past twelve months, ProShares UltraShort Gold Miners’s stock was -13.91% and 4.00% over the last quarter and -36.48% for the past six months. 

Over the past 50 days, ProShares UltraShort Gold Miners (:GDXS) stock was -10.60% off of the high and 23.39% removed from the low.  Their 52-Week High and Low are noted here.  -38.59% (High), 41.70%, (Low). 

RSI 

ProShares UltraShort Gold Miners (:GDXS) may have great momentum, but how has it been performing relative to the market?  The stock’s price is $16.91 and their relative strength index (RSI) stands at 60.66.  RSI is a technical oscillator that shows price strength by comparing upward and downward movements.  It indicates oversold and overbought price levels for a stock.  

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. This is not a recommendation to buy or sell ProShares UltraShort Gold Miners (:GDXS).

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