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Direxion Daily Small Cap Bull 3X Shares Crosses Above its 10-day MA (TNA)

By Amy Schwartz

Today, shares of Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) have advanced above their 10-day MA of $78.99 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Direxion Daily Small Cap Bull 3X Shares has traded in a range of $35.52 to $99.00 and is now at $80.45, 126% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has slid 1%.

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 17.1%. 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