T-REX 2X LONG RDW DAILY TARGET ETF (RDWU)

T-REX 2X LONG RDW DAILY TARGET ETF is trading at $9.95, down 2.83% on the session. The 50 day average sits at $9.98 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $7.20 with resistance near $10.90, so that band frames the current range. Average daily movement is roughly $1.52, or about 15.3% of the share price, which is what any stop placement has to allow for. The overall health score of 52 out of 100 combines a trend score of 45, momentum of 88 and a risk score of 12.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of BRR on a daily basis. The fund may also seek to achieve its investment objective by purchasing call options on RDW or by investing directly in the common stock of RDW. The fund is non-diversified.