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

Direxion Daily S&P500 Bull 3X Shares is trading at $290.87, up 1.61% on the session. The 50 day average sits at $288.55 and the 200 day at $252.56, which puts the stock in a uptrend. RSI is at 42.5, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $278.90 with resistance near $294.88, so that band frames the current range. Average daily movement is roughly $7.81, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 97, momentum of 32 and a risk score of 79.

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.