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Direxion Daily Emerging Markets Bear 3X Shares Has Returned 37.6% Since SmarTrend Recommendation (EDZ)

By James Quinn

SmarTrend identified a Downtrend for Direxion Daily Emerging Markets Bear 3X Shares (NYSE:EDZ) on January 5th, 2017 at $23.12. In approximately 6 months, Direxion Daily Emerging Markets Bear 3X Shares has returned 37.57% as of today's recent price of $14.43.

In the past 52 weeks, Direxion Daily Emerging Markets Bear 3X Shares share prices have been bracketed by a low of $14.04 and a high of $72.94 and are now at $14.43, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.9% while the 200-day MA has remained constant.

Direxion Emerging Markets Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results of 300% of the inverse of the price performance of the EM Index. The Fund does not invest in equity securities. The Fund investsat least 80% of its assets in financial instruments that provide leveraged and unleveraged exposure to the EM 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 Emerging Markets Bear 3X Shares.

Log in and add Direxion Daily Emerging Markets Bear 3X Shares (EDZ) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights direxion daily emerging markets bear 3x shares

Ticker(s): EDZ