TMCnet News
After Yesterday's Rally of 1.69% Shares Could Potentially PullbackNov 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) traded in a range yesterday that spanned from a low of $16.85 to a high of $17.47. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $17.37 on volume of 19.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. In the past 52 weeks, shares of Direxion Daily Small Cap Bear 3X Shares have traded between a low of $13.35 and a high of $39.68 and are now at $17.34, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.59% lower and 0.35% lower over the past week, respectively. SmarTrend is monitoring the recent change of momentum in Direxion Daily Small Cap Bear 3X Shares. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Direxion Daily Small Cap Bear 3X Shares in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |