After Yesterday's Decline of 1.90%, Direxion Daily Small Cap Bear 3X Shares Offers Investors Better Value
Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) traded in a range yesterday that spanned from a low of $28.20 to a high of $29.23. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $28.28 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that its subscribers protect gains by selling shares of Direxion Daily Small Cap Bear 3X Shares on July 12th, 2016 by issuing a Downtrend alert when the shares were trading at $31.25. Since that call, shares of Direxion Daily Small Cap Bear 3X Shares have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
In the past 52 weeks, shares of Direxion Daily Small Cap Bear 3X Shares have traded between a low of $8.81 and a high of $74.00 and are now at $28.46, which is 223% above that low price. The 200-day and 50-day moving averages have moved 1.67% higher and 2.97% lower over the past week, respectively.
Keywords: rebounders direxion daily small cap bear 3x shares