Direxion Daily Small Cap Bull 3X Shares Crosses Below its 10-day MA (TNA)
Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) crossed under its 10-day moving average of $61.99 on a volume of 2.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Direxion Daily Small Cap Bull 3X Shares share prices have moved between a 52-week high of $68.98 and a 52-week low of $41.55 and are now trading 48% above that low price at $61.63 per share. The 200-day and 50-day moving averages have moved 0.23% higher and 0.36% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Direxion Daily Small Cap Bull 3X Shares on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.95. Since that recommendation, shares of Direxion Daily Small Cap Bull 3X Shares have risen 16.4%. 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