Tradr 2X Long Lite Daily ETF (LITX)

Tradr 2X Long Lite Daily ETF is trading at $32.01, down 13.56% on the session. The 50 day average sits at $30.15 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 56.2, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $33.23 with resistance near $35.20, so that band frames the current range. Average daily movement is roughly $5.67, or about 17.7% of the share price, which is what any stop placement has to allow for. The overall health score of 53 out of 100 combines a trend score of 45, momentum of 88 and a risk score of 18.

Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the daily performance of LITE. This may include LITE stock in addition to financial instruments. The fund is non-diversified.