12 September, 2017
Tracking shares of Direxion Daily S&P 500 Bull 1.25X Shares (LLSP), we have noted that Span A is presently above Span B. Traders following this signal will be looking for signs of a bullish stock price shift.
More notable recent Direxion Daily Retail Bull 2X Shares ETF (NYSEARCA:RETL) news were published by: Benzinga.com which released: "Going Shopping With A Leveraged Retail ETF" on June 02, 2016, also Etfdb.com with their article: "Direxion's 2x ETFs Becoming 3x ETFs" published on November 28, 2011, Prnewswire.com published: "Direxion Investments Announces Reverse and Forward Share Splits of 19 ..." on April 20, 2015. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. RSI is a momentum oscillator that moves in a range from 0 to 100. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. After a recent check, the 14-day RSIfor Direxion Daily S&P Biotech Bull 3X Shares (LABU) is now at 64.58, the 7-day stands at 66.81, and the 3-day is sitting at 45.46. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. ADX calculations are made based on the moving average price range expansion over a specified amount of time. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time.
Direxion Daily Financial Bear 3x Shares (NYSE: FAZ) has hit an intraday price of $16.15 down 4.78 percent on 1,774,733 total traded shares. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. In general, if the indicator goes above -20, the stock may be considered overbought. Direxion Daily Junior Gold Miners Idx Bear 3X Shs ETF (JDST) now has a 14-day Commodity Channel Index (CCI) of -137.29. Taking a look at the relative strength indictor, we note that the 14-day RSI is now at 38.37, the 7-day stands at 28.92, and the 3-day is sitting at 13.65. ADX is used to gauge trend strength but not trend direction. A reading between -80 to -100 may be typically viewed as strong oversold territory. The data is represented graphically by fluctuating between a value of 0 and 100. Investors often look to pounce on any opportunity in the stock market. The RSI may be used to help spot points of reversals more accurately. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. As a general rule, an RSI reading over 70 would signal overbought conditions.
Several institutional investors have recently bought and sold shares of TNA.
Investors may be trying to find stocks that are building momentum. Keeping an eye on historical corrections as well as sentiment and technicals, may help provide the proper insight needed. Investors may be wondering where the money will be flowing in the second half of the year. Industrials and staples are no slouches for growth either, but they may be well fully-valued for their growth.
