Direxion Energy Bull 2X ETF (ERX)

Direxion Energy Bull 2X ETF is trading at $106.81, up 2.65% on the session. The 50 day average sits at $87.15 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 67.2, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $87.79 with resistance near $102.73, so that band frames the current range. Average daily movement is roughly $3.84, or about 3.6% of the share price, which is what any stop placement has to allow for. The overall health score of 67 out of 100 combines a trend score of 72, momentum of 88 and a risk score of 28.

The index is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.