SmarTrend Watching for Potential Rebound in Shares of Direxion Daily 30-Year Treasury Bull 3X After 2.10% Loss
Direxion Daily 30-Year Treasury Bull 3X (NYSE:TMF) traded in a range yesterday that spanned from a low of $112.79 to a high of $114.59. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $114.61 on volume of 62,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, Direxion Daily 30-Year Treasury Bull 3X has traded in a range of $64.26 to $126.31 and is now at $112.90, 76% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.2%.
SmarTrend is monitoring the recent change of momentum in Direxion Daily 30-Year Treasury Bull 3X. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Direxion Daily 30-Year Treasury Bull 3X in search of a potential trend change.
Keywords: rebounders direxion daily 30-year treasury bull 3x