Direxion Daily FTSE China Bull 3X Shares (YINN)

Direxion Daily FTSE China Bull 3X Shares is trading at $28.52, down 0.25% on the session. The 50 day average sits at $27.48 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44.7, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $27.45 with resistance near $29.47, so that band frames the current range. Average daily movement is roughly $1.17, or about 4.1% of the share price, which is what any stop placement has to allow for. The overall health score of 48 out of 100 combines a trend score of 61, momentum of 33 and a risk score of 48.

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 consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange. The fund is non-diversified.