Short Oil and Gas Prices With DUG
by Sam Collins 08/18/09
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UltraShort Oil & Gas ProShares (DUG) -- This ETF seeks daily investment results that correspond to twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas Index.
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This inverse ETF has given multiple buy signals, indicating lower prices for oil and gas.
The double-top breakout is supported by higher volume and a stochastic buy signal, and should result in a target of $22 to $23.
This leveraged ETF is not eligible for loan value in a margin account, and the position should be protected with a stop-loss.
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