Direxion Daily Financial Bear 3X Shares Bullish Moving Average Crossover Alert (FAZ)
Today, shares of Direxion Daily Financial Bear 3X Shares (NYSE:FAZ) have crossed bullishly above their 10-day moving average of $32.08 on a volume of 542K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Direxion Daily Financial Bear 3X Shares has traded in a range of $30.00 to $68.42 and is now at $33.23, 11% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.8%.
SmarTrend recommended that its subscribers protect gains by selling shares of Direxion Daily Financial Bear 3X Shares on July 11th, 2016 by issuing a Downtrend alert when the shares were trading at $36.40. Since that call, shares of Direxion Daily Financial Bear 3X Shares have fallen 12.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses direxion daily financial bear 3x shares