Some of you are probably still holding SCO — the Proshares Ultrashort Crude Oil ETF I mentioned in January at 32 [see: Tick Tock.] It tagged 42.51 yesterday, and is currently trading around 41.60 That’s a 9-pt (30%) gain in two months.
It’s been above its SMA200 for several days, but is having trouble breaking out of a falling channel dating back to April 2016 — begging the question whether to hold it or take profits.
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