Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
For those who enjoy flipping ETF's...this is a good one. A lot of price volatility! Look at the short term charts,...it's a roller-coaster. The opposite ETF is LABD.
Anyone following this besides me?? Looking at the price chart, it appears to be a good Flip candidate. Good volatility and price change. I will be watching this closely for awhile.
Back in 2014 from January till August I think it was this was major resistance for IBB (260's), once it broke thru it moved up until now that it retraced to current levels and found strong support. Nice bounce play coming here next week imo.
Link: http://www.otcmarkets.com/stock/UBIO/company-info Ticker: $UBIO OTC Market Place: Not Available CIK code: 0001409741 Company name: ProShares Trust Incorporated In: DE, USA
Business Description:
$UBIO share structure
## source: otcmarkets.com
Market Value: Not Available Shares Outstanding: 870,000 a/o Nov 13, 2015 Float: Not Available Authorized Shares: Not Available Par Value: Not Available
ProShares UltraPro Nasdaq Biotechnology
Phone: 866-776-5125
The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ Biotechnology Index® (the "index"). The fund invests in securities and derivatives that the advisor believes, should have similar daily return characteristics as three times the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark which also meet other eligibility criteria determined by NASDAQ. The fund is non-diversified.