Direxion Daily Emerging Markets Bull 3X Shares Crosses Below its 10-day MA (EDC)
Direxion Daily Emerging Markets Bull 3X Shares (NYSE:EDC) shares have crossed bearishly below their 10-day moving average of $65.62 on a volume of 147K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Direxion Daily Emerging Markets Bull 3X Shares share prices have moved between a 52-week high of $69.78 and a 52-week low of $7.11 and are now trading 794% above that low price at $63.56 per share. Over the last five market days, the 200-day moving average (MA) has gone up 3.0% while the 50-day MA has advanced 9.5%.
SmarTrend recommended that subscribers consider buying shares of Direxion Daily Emerging Markets Bull 3X Shares on June 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.32. Since that recommendation, shares of Direxion Daily Emerging Markets Bull 3X Shares have risen 29.8%. We continue to monitor EDC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses direxion daily emerging markets bull 3x shares