Shares of Direxion Daily 30-Year Treasury Bull 3X TMF are trading up 4.6% to $46.87 today on above average volume. Approximately 359,000 shares have traded hands today vs. average 30-day volume of 204,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of TMF to see if this bullish momentum will continue.
SmarTrend currently has shares of Direxion Daily 30-Year Treasury Bull 3X in an Uptrend and issued the Uptrend alert on July 11, 2011 at $38.16. The stock has risen 17.4% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 0.86% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Direxion Daily 30-Year Treasury Bull 3X have traded between a low of $28.43 and a high of $56.65 and are now at $45.54, which is 60% above that low price.
Write to Chip Brian at cbrian@mysmartrend.com
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