SmarTrend identified a Downtrend for Direxion Daily Developed Markets Bear 3X (NYSE:DPK) on November 29th, 2012 at $19.37. In approximately 1 month, Direxion Daily Developed Markets Bear 3X has returned 18.59% as of today's recent price of $15.77.

In the past 52 weeks, Direxion Daily Developed Markets Bear 3X share prices have been bracketed by a current low of $15.69 and a high of $38.06 and are now at $15.77. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.7%.

Direxion Daily Developed Markets Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund seeks investment results of 300% of the inverse of the price performance of the Developed Market Index. The Fund does not invest in equity securities. The Fund invests in financial instruments that provide leveraged and unleveraged exposure to the Developed Market Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Direxion Daily Developed Markets Bear 3X.

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