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Since October of 2011, the ProShares UltraShort Real Estate ETF (SRS) has been in a significant downtrend. However, over the past 2.5 weeks, SRS has been consolidating in a tight range as it has set a sequence of higher lows. Further, SRS has rallied above its 10-day MA and is now poised to break above its 20-day EMA. A volume fueled move above yesterday’s high of $32.41 could provide a buying opportunity in this ETF.

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