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Downtrend Call Working As Direxion Daily Small Cap Bear 3X Shares Stock Falls 38.3% (TZA)

By Nick Russo

SmarTrend identified a Downtrend for Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) on November 10th, 2016 at $26.44. In approximately 7 months, Direxion Daily Small Cap Bear 3X Shares has returned 38.34% as of today's recent price of $16.30.

In the past 52 weeks, shares of Direxion Daily Small Cap Bear 3X Shares have traded between a low of $8.81 and a high of $74.00 and are now at $16.30, which is 85% above that low price. The 200-day and 50-day moving averages have moved 1.67% higher and 2.97% lower over the past week, respectively.

Direxionshares Small Cap 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 Small Cap Index. The Fund invests in at least 80% of its net assets in Financial Instruments that, provide exposure to the Small Cap 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 Small Cap Bear 3X Shares.

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

Keywords: spotlights direxion daily small cap bear 3x shares

Ticker(s): TZA