ProShares UltraShort Bloomberg Crude Oil (ASX:SCO) Slow Out of The Gate

ProShares UltraShort Bloomberg Crude Oil (ASX:SCO) is moving lower ahead of the market open as the stock is gapping down -2.27%.  A recent bid puts the equity at $36.34.

Investors are always trying to get an advantage in the equity market. Everyone wants to find that next great stock pick that provides a solid boost to the portfolio. Investors often identify risk preference when trying to sort out asset allocation. In general, a higher amount of risk may offer a greater potential for growth. Many investors may struggle with the concept of leaving emotion out of picking stocks. Equity research may involve a high degree of patience, determination, and lots of homework. Learning everything possible about the markets can help the individual investor better navigate the waters. As the old saying goes, knowledge is power. Being able to filter through the data to determine what is relevant information may assist the investor with making those tough investment decisions.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. 

Recent Price History

ProShares UltraShort Bloomberg Crude Oil (ASX:SCO)’s performance this year to date is 17.09%.  The stock has performed -0.24% over the last seven days, -17.48% over the last thirty, and -10.42% over the last three months.  Over the last six months, ProShares UltraShort Bloomberg Crude Oil’s stock has been 9.84% and -27.67% for the year.


The simple moving average is the most common method used to calculate the moving average of prices. ProShares UltraShort Bloomberg Crude Oil’s 20-Day Simple Moving Average is -8.15%.  Extending back, their 50-Day Simple Moving Average is -15.24%, looking even further back, their 200-Day Simple Moving Average stands at -5.25%.  

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

Leave a Comment