NRPICKS_

Buy $TWM - NRPicks Ene 31

Long
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AMEX:TWM   ProShares UltraShort Russell2000
The TWM is an X2 Bear ETF of the Russell 2000 Index , which is at a key level due to its third consecutive rebound in the MA 50.

We consider that in the current context where volatility is high and large trading volumes can be evident in Small Caps and according to our views, this scenario could stay that way. That's why we think this inverse could benefit from a drop in the IWM index close to -5%.

Technical:

MA 50 bounce
Breakout at 17.65 accompanied by an interesting volume of purchase
Average RSI levels
Trade closed: stop reached: 2 feb.

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