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SmarTrend Watching for Potential Rebound in Shares of Direxion Daily Small Cap Bull 3X Shares After 2.61% Loss

By Amy Schwartz

Direxion Daily Small Cap Bull 3X Shares (NYSE:TNA) traded in a range yesterday that spanned from a low of $54.50 to a high of $56.02. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $55.40 on volume of 2.6 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 $115.19 and a 52-week low of $35.52 and are now trading 55% above that low price at $54.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has slid 1%.

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.

Keywords: rebounders direxion daily small cap bull 3x shares

Ticker(s): TNA