Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

Direxion Daily Junior Gold Miners Index Bull 2X Shares is trading at $166.80, down 3.93% on the session. The 50 day average sits at $131.20 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 64.8, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $157.70 with resistance near $177.30, so that band frames the current range. Average daily movement is roughly $11.57, or about 6.9% of the share price, which is what any stop placement has to allow for. The overall health score of 57 out of 100 combines a trend score of 61, momentum of 88 and a risk score of 6.

The index tracks the performance of domestic and foreign, including developing and emerging, small- and mid-capitalization companies that are involved in the gold and silver mining industry. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("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.