SmarTrend identified an Uptrend for Direxion Daily Semiconductors Bull 3x (NYSE:SOXL) on November 27th, 2012 at $24.43. In approximately 2 months, Direxion Daily Semiconductors Bull 3x has returned 33.03% as of today's recent price of $32.50.

In the past 52 weeks, Direxion Daily Semiconductors Bull 3x share prices have been bracketed by a low of $20.42 and a high of $46.05 and are now at $32.50, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.3%.

Direxion Daily Semiconductors Bull 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 price performance of the Philadelphia Semiconductors Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Direxion Daily Semiconductors Bull 3x shares.

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