Direxion Daily TSM Bull 2X Shares (TSMX)

Direxion Daily TSM Bull 2X Shares is trading at $102.15, up 5.51% on the session. The 50 day average sits at $79.61 and the 200 day at $72.52, which puts the stock in a uptrend. RSI is at 70.7, which reads as overbought, and MACD is bullish crossover. Volume is above average.

The nearest support is around $74.30 with resistance near $97.39, so that band frames the current range. Average daily movement is roughly $3.97, or about 3.9% of the share price, which is what any stop placement has to allow for. The overall health score of 74 out of 100 combines a trend score of 93, momentum of 78 and a risk score of 38.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSM and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to TSM, consistent with the fund’s investment objective. The fund is non-diversified.