Direxion Daily Small Cap Bull 3X Shares Set to Possibly Rebound After Yesterday's Selloff of 2.26%
Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) traded in a range yesterday that spanned from a low of $60.53 to a high of $62.22. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $61.83 on volume of 3.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, Direxion Daily Small Cap Bull 3X Shares share prices have been bracketed by a low of $35.52 and a high of $99.00 and are now at $61.31, 73% above that low price. The 200-day and 50-day moving averages have moved 1.03% lower and 2.11% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Direxion Daily Small Cap Bull 3X Shares. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Direxion Daily Small Cap Bull 3X Shares in search of a potential trend change.
Keywords: rebounders direxion daily small cap bull 3x shares