• Return to Headlines

Direxion Daily Small Cap Bull 3X Shares Set to Possibly Rebound After Yesterday's Selloff of 4.04%

By Shiri Gupta

Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) traded in a range yesterday that spanned from a low of $71.34 to a high of $74.65. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $72.53 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 13.2%. We continue to monitor TNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 $71.43, 101% 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.

Keywords: rebounders direxion daily small cap bull 3x shares

Ticker(s): TNA