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SmarTrend Watching for Potential Pullback in Shares of Direxion Daily Small Cap Bull 3X Shares After 2.26% Gain

By Amy Schwartz

Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) traded in a range yesterday that spanned from a low of $101.10 to a high of $103.95. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $100.61 on volume of 2.4 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 tracking the current trend status for Direxion Daily Small Cap Bull 3X Shares and will alert subscribers who have TNA in their portfolio or watchlist when shares have changed trend direction.

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 $113.49 and are now at $102.65, 189% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 2.1%.

Keywords: rebounders direxion daily small cap bull 3x shares

Ticker(s): TNA