Market Overview

Direxion Daily Emerging Markets Bear 3X Shares's Shares Changing Hands at Higher Prices on 1x Above-Average Volume (EDZ)

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(via COMTEX News Network)--

Shares of Direxion Daily Emerging Markets Bear 3X Shares (NYSE: EDZ) are trading up 3.2% to $20.43 today on above average volume. Approximately 1.8 million shares have traded hands today vs. average 30-day volume of 1.8 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of EDZ to see if this bullish momentum will continue.

SmarTrend is monitoring the recent change of momentum in Direxion Daily Emerging Markets 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 Emerging Markets Bear 3X Shares in search of a potential trend change.

In the last five trading sessions, the 50-day MA has climbed 1.07% while the 200-day MA has slid 0.96%.

In the past 52 weeks, shares of Direxion Daily Emerging Markets Bear 3X Shares have traded between a low of $15.78 and a high of $52.13 and are now at $20.60, which is 31% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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