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Uptrend Call Working As Direxion Daily Semiconductors Bull 3x Stock Rises 14.2% (SOXL)

By David Diaz

SmarTrend identified an Uptrend for Direxion Daily Semiconductors Bull 3x (NYSE:SOXL) on August 14th, 2014 at $103.31. In approximately 1 month, Direxion Daily Semiconductors Bull 3x has returned 14.22% as of today's recent price of $118.00.

Over the past year, Direxion Daily Semiconductors Bull 3x has traded in a range of $49.91 to $123.89 and is now at $118.25, 137% above that low. The 200-day and 50-day moving averages have moved 0.93% higher and 0.29% lower over the past week, respectively.

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