SmarTrend identified a Downtrend for Direxion Daily Financial Bear 3X Shares (NYSE:FAZ) on November 23rd, 2012 at $17.26. In approximately 4 weeks, Direxion Daily Financial Bear 3X Shares has returned 12.90% as of today's recent price of $15.03.

Direxion Daily Financial Bear 3X Shares share prices have moved between a 52-week high of $45.00 and a 52-week low of $15.01 and are now trading 0% above that low price at $15.03 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1%.

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.

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