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Flash Crash Update: Direxion Daily Financial Bear 3X Shares 10.00% Above its May 6th Crash Low of $12.56 (FAZ)

Written on Sat, 07/31/2010 - 7:58am
By Chip Brian

Direxion Daily Financial Bear 3X Shares (NYSE:FAZ) is currently trading 10.00% above its May 6th low of $12.56. Investors are looking to see if this 'flash crash' low can act as support signaling the stock has completed a bottoming process.
In the past 52-weeks, shares of Direxion Daily Financial Bear 3X Shares have traded between a low of $10.78 and a high of $39.07 and are now at $13.81, which is 28.10% above that low price.
SmarTrend is bearish on shares of Direxion Daily Financial Bear 3X Shares and our subscribers were alerted to Sell on July 26, 2010 at $13.99. The stock has fallen 1.3% since the alert was issued.

Keywords: direxion daily financial bear 3x shares flash crash

Ticker(s): FAZ

Contact Chip Brian



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