Louis Navellier is rating this stock an “A” – Get In Now!

On May 24, the man who found “the stock of the century” will reveal one of his top stocks for 2022 – for FREE – in a special presentation.

Tue, May 24 at 4:00PM ET
 
 
 
 

Your Cure For This Tired Market

ProShares UltraShort Russell2000 Value ETF (NYSE: SJH) — This fund seeks daily results, before fees and expenses, that correspond to twice the inverse of the daily performance of the Russell 2000 Value Index (AMEX: RUJ), so this leveraged ETF could be an effective tool to gain from a downturn in those stocks. 

On May 13, at $18, I targeted SJH for a quick trade is $22 to $25. On June 8, at $24, I said, “But now, with the broad market on the edge of a major breakdown, the target is raised to $28 to $32.” 

Although SJH ran to $26, we missed on the higher price. Now, with stocks looking very tired, SJH could break through its 50-day moving average for a run to $24. 

But don’t stay with this one very long. Taking profits is prudent — then wait for a better buying opportunity.

This is a speculative, leveraged ETF that is primarily suited to day trading. Be sure to check for any special margin requirements and, recognizing the high risk of this trade, place a stop-loss order at the time of execution. 

 

SJH ChartChart KeyIf you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.

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Article printed from InvestorPlace Media, https://investorplace.com/2010/08/etf-picks-proshares-ultrashort-russell2000-value-etf-sjh-2/.

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