Direxion Daily MU Bull 2X Shares (MUU)

Direxion Daily MU Bull 2X Shares is trading at $24.34, down 11.49% on the session. The 50 day average sits at $31.95 and the 200 day at $23.16, which puts the stock in a uptrend. RSI is at 42.8, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $28.19 with resistance near $31.52, so that band frames the current range. Average daily movement is roughly $3.08, or about 12.7% of the share price, which is what any stop placement has to allow for. The overall health score of 47 out of 100 combines a trend score of 69, momentum of 31 and a risk score of 34.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of MU and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to MU, consistent with the fund’s investment objective. The fund is non-diversified.