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Downtrend Call Working As Direxion Daily Real Estate Bear 3x Shares Stock Falls 34.6% (DRV)

By Shiri Gupta

SmarTrend identified a Downtrend for Direxion Daily Real Estate Bear 3x Shares (NYSE:DRV) on February 17th, 2016 at $22.97. In approximately 3 months, Direxion Daily Real Estate Bear 3x Shares has returned 34.60% as of today's recent price of $15.02.

In the past 52 weeks, shares of Direxion Daily Real Estate Bear 3x Shares have traded between a low of $13.51 and a high of $30.76 and are now at $15.02, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.87% lower and 3.11% lower over the past week, respectively.

Direxion Daily Real Estate 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% the inverse of the MSCI US REIT 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 Real Estate Bear 3x Shares.

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

Keywords: spotlights direxion daily real estate bear 3x shares

Ticker(s): DRV