Direxion Daily AVGO Bear 1X Shares (AVS)

Direxion Daily AVGO Bear 1X Shares is trading at $8.53, down 0.93% on the session. The 50 day average sits at $8.05 and the 200 day at $8.44, which puts the stock in a downtrend. RSI is at 60.6, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $7.99 with resistance near $8.68, so that band frames the current range. Average daily movement is roughly $0.26, or about 3.1% of the share price, which is what any stop placement has to allow for. The overall health score of 71 out of 100 combines a trend score of 67, momentum of 82 and a risk score of 62.

The fund, under normal circumstances, invests at least 80% of the fund’s net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to AVGO, consistent with the fund’s investment objective. The fund is non-diversified.