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SmarTrend Watching for Potential Pullback in Shares of Direxion Daily Small Cap Bear 3X Shares After 3.08% Gain

By Shiri Gupta

Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) traded in a range yesterday that spanned from a low of $30.52 to a high of $31.65. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $31.25 on volume of 4.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Direxion Daily Small Cap Bear 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 Bear 3X Shares in search of a potential trend change.

Direxion Daily Small Cap Bear 3X Shares share prices have moved between a 52-week high of $74.00 and a 52-week low of $8.81 and are now trading 258% above that low price at $31.53 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has declined 3%.

Keywords: rebounders direxion daily small cap bear 3x shares

Ticker(s): TZA