Look for Shares of Direxion Daily Small Cap Bear 3X Shares to Potentially Rebound after Yesterday's 4.71% Sell Off
Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) traded in a range yesterday that spanned from a low of $30.92 to a high of $31.90. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $32.22 on volume of 4.5 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 Bear 3X Shares share prices have been bracketed by a low of $8.81 and a high of $74.00 and are now at $31.07, 253% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has declined 3%.
SmarTrend is tracking the current trend status for Direxion Daily Small Cap Bear 3X Shares and will alert subscribers who have TZA in their portfolio or watchlist when shares have changed trend direction.
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