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

By Amy Schwartz

Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) shares have crossed bullishly above their 10-day moving average of $77.04 on a volume of 1.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Direxion Daily Small Cap Bull 3X Shares share prices have moved between a 52-week high of $99.00 and a 52-week low of $35.52 and are now trading 119% above that low price at $77.90 per share. 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 14.0%. 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

Ticker(s): TNA