ProShares UltraShort Bloomberg Natrl Gas (:KOLD) are gapping up 3.83% pre-market with a price of $45.89 on the stock. As we move deeper into earnings season, investors may be trying to figure out how to best position the portfolio for the rest of the calendar year. Maybe things haven’t gone as well as planned in the first half of the year, and a few tweaks need to be made to bolster profits in the second half. Closely watching the earnings reports may be a good way to see what companies are getting things right, and what companies have some work to do. Many investors will take notice if a company posts a much larger earnings beat or miss than expected. Not only will the stock most likely become a bit more volatile, but overall interest may be heightened as investors try to piece together the puzzle and figure out why there was such a discrepancy between estimates and actuals. Once the dust settles and the picture becomes a little clearer, investors may be able to properly rotate in or out of a certain name or sector. Finding stocks that look good on paper but have fallen out of favor with certain investors may be a good place to start doing some further number crunching. Locating those overlooked sectors with growth potential might be a good way to uncover those stocks that are ready to make a run.
At the time of writing, the stock was trading at $45.89. This represents a change from the opening price of 1.30%. In terms of performance, year to date, the stock is 15.74%. The monthly stock performance comes in at 10.77%. For the quarter, shares are performing at 33.91%. Weekly performance analysis shows the equity at 18.40%.
In taking a look at technical levels, shares are trading 11.86% away from the 50 day simple moving average and 28.83% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -11.95% away from it’s 52- week high and 78.98% away from its 52 week low.
As of writing, ProShares UltraShort Bloomberg Natrl Gas’s RSI stands at 65.26. In looking at volatility levels, the shares saw weekly volatility of 3.83% and 4.85% over the past month.