SmarTrend identified an Uptrend for Direxion Daily Real Estate Bull 3x Shares DRN on June 22, 2011 at $72.26. In approximately 3 weeks, Direxion Daily Real Estate Bull 3x Shares has returned 11.7% as of today's recent price of $80.75.
In the past 52 weeks, shares of Direxion Daily Real Estate Bull 3x Shares have traded between a low of $34.10 and a high of $82.95 and are now at $80.75, which is 137% above that low price.
Direxion Daily Real Estate Bull 3x Shares is currently above its 50-day moving average of $73.13 and above its 200-day moving average of $62.08. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 0.3% while the 200-day MA has risen 0.78%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Direxion Daily Real Estate Bull 3x Shares shares.
Write to Chip Brian at cbrian@mysmartrend.com
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