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Direxion Daily Financial Bear 3X Shares Has Returned 18.6% Since SmarTrend Recommendation (FAZ)

Written on Wed, 01/02/2013 - 11:39am
By Shiri Gupta

SmarTrend identified a Downtrend for Direxion Daily Financial Bear 3X Shares (NYSE:FAZ) on November 23rd, 2012 at $17.26. In approximately 1 month, Direxion Daily Financial Bear 3X Shares has returned 18.63% as of today's recent price of $14.04.

Over the past year, Direxion Daily Financial Bear 3X Shareshas traded in a range of $14.01 to $36.66 and are now at $14.08. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.8%.

Direxion Daily Financial Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results, before fees and expenses, of 300% of the inverse of the price performance of the Russell 1000 Financial 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 Financial Bear 3X Shares.

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

Keywords: spotlights direxion daily financial bear 3x shares

Ticker(s): FAZ

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