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Direxion Daily Gold Miners Bull 2x Shares Set to Possibly Pullback After Yesterday's Rally of 4.13%

By Shiri Gupta

Direxion Daily Gold Miners Bull 2x Shares (NYSE:NUGT) traded in a range yesterday that spanned from a low of $10.17 to a high of $10.48. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $10.04 on volume of 24.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Direxion Daily Gold Miners Bull 2x Shares have traded between a low of $5.51 and a high of $178.98 and are now at $10.26, which is 86% above that low price. Over the past week, the 200-day moving average (MA) has gone down 100% while the 50-day MA has declined 100%.

SmarTrend is tracking the current trend status for Direxion Daily Gold Miners Bull 2x Shares and will alert subscribers who have NUGT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders direxion daily gold miners bull 2x shares

Ticker(s): NUGT