Direxion Daily Nvda Bull 2X Shares (NVDU)

Direxion Daily Nvda Bull 2X Shares is trading at $159.37, up 4.43% on the session. The 50 day average sits at $136.07 and the 200 day at $124.63, which puts the stock in a uptrend. RSI is at 61.9, which reads as strong, and MACD is bullish crossover. Volume is above average.

The nearest support is around $136.74 with resistance near $155.73, so that band frames the current range. Average daily movement is roughly $7.18, or about 4.5% of the share price, which is what any stop placement has to allow for. The overall health score of 77 out of 100 combines a trend score of 100, momentum of 82 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 NVDA and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to NVDA, consistent with the fund’s investment objective. The fund is non-diversified.