Direxion Daily Small Cap Bull 3X Shares Bearish Moving Average Crossover Alert (TNA)
Today, shares of Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) have fallen below their 10-day MA of $79.08 on a volume of 947K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Direxion Daily Small Cap Bull 3X Shares have traded between a low of $35.52 and a high of $99.00 and are now at $78.28, which is 120% above that low price. The 200-day and 50-day moving averages have moved 1.03% lower and 2.11% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Direxion Daily Small Cap Bull 3X Shares on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.84. Since that recommendation, shares of Direxion Daily Small Cap Bull 3X Shares have risen 21.3%. We continue to monitor TNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses direxion daily small cap bull 3x shares