Direxion Daily S&P500 Bull 3X Shares (SPXL)

Direxion Daily S&P500 Bull 3X Shares is trading at $289.86, down 1.74% on the session. The 50 day average sits at $272.46 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 64.4, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $263.07 with resistance near $300.96, so that band frames the current range. Average daily movement is roughly $8.19, or about 2.8% of the share price, which is what any stop placement has to allow for. The overall health score of 73 out of 100 combines a trend score of 72, momentum of 83 and a risk score of 60.

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund is non-diversified.