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Uptrend Call Working As Direxion Daily Semiconductors Bull 3x Stock Rises 35.6% (SOXL)

By Amy Schwartz

SmarTrend identified an Uptrend for Direxion Daily Semiconductors Bull 3x (NYSE:SOXL) on February 10th, 2014 at $68.80. In approximately 2 months, Direxion Daily Semiconductors Bull 3x has returned 35.57% as of today's recent price of $93.27.

In the past 52 weeks, Direxion Daily Semiconductors Bull 3x share prices have been bracketed by a low of $31.96 and a high of $95.00 and are now at $93.27, 192% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.5%.

Direxion Daily Semiconductors Bull 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 price performance of the Philadelphia Semiconductors Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Direxion Daily Semiconductors Bull 3x shares.

Log in and add Direxion Daily Semiconductors Bull 3x (SOXL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights direxion daily semiconductors bull 3x

Ticker(s): SOXL