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Direxion Daily Small Cap Bear 3X Shares Bearish Moving Average Crossover Alert (TZA)

By David Diaz

Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) shares have crossed bearishly below their 10-day moving average of $27.13 on a volume of 3.5 million 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 Small Cap Bear 3X Shares share prices have moved between a 52-week high of $74.00 and a 52-week low of $8.81 and are now trading 201% above that low price at $26.53 per share. Over the past week, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has declined 3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Direxion Daily Small Cap Bear 3X Shares on July 12th, 2016 by issuing a Downtrend alert when the shares were trading at $31.25. Since that call, shares of Direxion Daily Small Cap Bear 3X Shares have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses direxion daily small cap bear 3x shares

Ticker(s): TZA