Look for Shares of Direxion Daily Small Cap Bull 3X Shares to Potentially Rebound after Yesterday's 9.59% Sell Off
Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) traded in a range yesterday that spanned from a low of $57.88 to a high of $62.22. Yesterday, the shares fell 9.6%, which took the trading range below the 3-day low of $62.86 on volume of 4.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Direxion Daily Small Cap Bull 3X Shares share prices have moved between a 52-week high of $99.00 and a 52-week low of $35.52 and are now trading 71% above that low price at $60.58 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 2.1%.
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.
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