Direxion Daily Small Cap Bull 3X Shares Shares Down 17.3% Since SmarTrend Said Sell (TNA)

SmarTrend identified a Downtrend for Direxion Daily Small Cap Bull 3X Shares TNA on July 14, 2011 at $83.03. In approximately 3 weeks, Direxion Daily Small Cap Bull 3X Shares has returned 17.3% as of today's recent price of $68.66.

In the past 52 weeks, shares of Direxion Daily Small Cap Bull 3X Shares have traded between a low of $31.50 and a high of $96.25 and are now at $68.66, which is 118% above that low price.

Direxion Daily Small Cap Bull 3X Shares is currently below its 50-day moving average of $78.56 and below its 200-day moving average of $75.21. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.84% while the 200-day MA has risen 0.39%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Direxion Daily Small Cap Bull 3X Shares.

Write to Chip Brian at cbrian@mysmartrend.com

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