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Direxion Daily Small Cap Bull 3X Shares Bearish Moving Average Crossover Alert (TNA)

By Nick Russo

Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) crossed under its 10-day moving average of $89.98 on a volume of 2.0 million 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, Direxion Daily Small Cap Bull 3X Shares share prices have been bracketed by a low of $53.50 and a high of $99.00 and are now at $88.82, 66% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Direxion Daily Small Cap Bull 3X Shares. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Direxion Daily Small Cap Bull 3X Shares in search of a potential trend change.

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

Ticker(s): TNA