Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)

Direxion Daily Gold Miners Index Bull 2X Shares is trading at $157.74, down 6.00% on the session. The 50 day average sits at $127.27 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 65.4, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $148.26 with resistance near $168.18, so that band frames the current range. Average daily movement is roughly $10.44, or about 6.6% of the share price, which is what any stop placement has to allow for. The overall health score of 60 out of 100 combines a trend score of 64, momentum of 88 and a risk score of 16.

The index is comprised of publicly traded common stocks, ADRs or global depositary receipts of companies that operate globally in both developed and emerging markets, and the index provider defines as involved primarily in mining for gold and, to a lesser extent, in mining for silver. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.