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Direxion Daily Emerging Markets Bear 3X Shares Bullish Moving Average Crossover Alert (EDZ)

By Shiri Gupta

Direxion Daily Emerging Markets Bear 3X Shares (NYSE:EDZ) crossed over its 10-day moving average of $33.02 on a volume of 478K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Direxion Daily Emerging Markets Bear 3X Shares have traded between a low of $25.64 and a high of $72.94 and are now at $33.26, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 2.94% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Direxion Daily Emerging Markets Bear 3X Shares on June 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $36.72. Since that call, shares of Direxion Daily Emerging Markets Bear 3X Shares have fallen 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses direxion daily emerging markets bear 3x shares

Ticker(s): EDZ