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Downtrend Call Working As Direxion Daily Real Estate Bear 3x Shares Stock Falls 17.7% (DRV)

By James Quinn

SmarTrend identified a Downtrend for Direxion Daily Real Estate Bear 3x Shares (NYSE:DRV) on October 9th, 2014 at $36.94. In approximately 1 month, Direxion Daily Real Estate Bear 3x Shares has returned 17.70% as of today's recent price of $30.40.

Over the past year, Direxion Daily Real Estate Bear 3x Shares has traded in a range of $28.59 to $69.86 and is now at $30.40, 6% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 0.9%.

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