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Downtrend Call Working As Direxion Daily Small Cap Bear 3X Shares Stock Falls 55.8% (TZA)

By James Quinn

SmarTrend identified a Downtrend for Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) on April 25th, 2013 at $37.24. In approximately 9 months, Direxion Daily Small Cap Bear 3X Shares has returned 55.79% as of today's recent price of $16.46.

Direxion Daily Small Cap Bear 3X Shares share prices have moved between a 52-week high of $49.12 and the current low of $16.45 and are currently at $16.46 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 1.2%.

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