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Downtrend Call Working As Direxion Daily Small Cap Bear 3X Shares Stock Falls 42.0% (TZA)

By David Diaz

SmarTrend identified a Downtrend for Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) on February 17th, 2016 at $59.92. In approximately 4 months, Direxion Daily Small Cap Bear 3X Shares has returned 42.02% as of today's recent price of $34.74.

Over the past year, Direxion Daily Small Cap Bear 3X Shares has traded in a range of $8.81 to $74.00 and is now at $34.74, 294% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has declined 3%.

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