SmarTrend identified a Downtrend for Direxion Daily Developed Markets Bear 3X (NYSE:DPK) on November 29th, 2012 at $19.37. In approximately 5 months, Direxion Daily Developed Markets Bear 3X has returned 34.38% as of today's recent price of $12.71.

Direxion Daily Developed Markets Bear 3X share prices have moved between a 52-week high of $38.06 and a 52-week low of $12.45 and are now trading 2% above that low price at $12.71 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1%.

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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