ProShares Ultra Nasdaq Biotechnology Breaks Above 200-Day Moving Average - Bullish for BIB

In trading on Monday, shares of the ProShares Ultra Nasdaq Biotechnology ETF (BIB) crossed above their 200 day moving average of $50.46, changing hands as high as $51.10 per share. ProShares Ultra Nasdaq Biotechnology shares are currently trading up about 4% on the day..