Direxion Daily Gold Miners Index Bear 2X Shares (DUST)

Direxion Daily Gold Miners Index Bear 2X Shares is trading at $41.93, up 5.39% on the session. The 50 day average sits at $58.63 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 32.8, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $39.16 with resistance near $56.42, so that band frames the current range. Average daily movement is roughly $4.35, or about 10.4% of the share price, which is what any stop placement has to allow for. The overall health score of 24 out of 100 combines a trend score of 28, momentum of 20 and a risk score of 22.

The index is comprised of publicly traded common stocks, ADRs or GDRs of companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold. The fund invests at least 80% of its net assets in swap agreements, futures contracts, or short positions, that, in combination, provide 2X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. It is non-diversified.