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PROSHARES ULTRASHORT TECHNOLOG $REW Technical Update

The PROSHARES ULTRASHORT TECHNOLOG (NYSE: REW) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for REW, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Rating Strong Neutral Weak
P1 11.67 10.73 9.94
P2 11.48 11.30
P3 0 12.39 12.94
Triggers may have already come
Support and Resistance Plot Chart for REW

Long Term Trading Plans for REW

August 18, 2018, 4:00 am ET

The Technical Summary and Trading Plans for REW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this REW Report.

REW - (Long) Support Plan

Buy over 11.30 target 12.94 stop loss @ 11.04.
The technical summary data tells us to buy REW near 11.30 with an upside target of 12.94. This data also tells us to set a stop loss @ 11.04 to protect against excessive loss in case the stock begins to move against the trade. 11.30 is the first level of support below 11.6294 , and by rule, any test of support is a buy signal. In this case, support 11.30 is being tested, a buy signal would exist.

REW - (Short) Resistance Plan

Short under 12.94 target 11.30 stop loss @ 13.2
The technical summary data is suggesting a short of REW as it gets near 12.94 with a downside target of 11.30. We should have a stop loss in place at 13.2 though. 12.94 is the first level of resistance above 11.6294, and by rule, any test of resistance is a short signal. In this case, if resistance 12.94 is being tested, a short signal would exist.


REW Long Term Analysis


REW Dividend Chart

REW PE chart

REW PEG chart