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Downtrend Call Working As Direxion Daily Real Estate Bear 3x Shares Stock Falls 11.4% (DRV)

By James Quinn

SmarTrend identified a Downtrend for Direxion Daily Real Estate Bear 3x Shares (NYSE:DRV) on February 11th, 2014 at $52.64. In approximately 3 weeks, Direxion Daily Real Estate Bear 3x Shares has returned 11.39% as of today's recent price of $46.64.

In the past 52 weeks, Direxion Daily Real Estate Bear 3x Shares share prices have been bracketed by a low of $11.28 and a high of $77.76 and are now at $46.64, 313% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has declined 1.9%.

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