Direxion Daily AMD Bull 2X Shares (AMUU)

Direxion Daily AMD Bull 2X Shares is trading at $175.89, down 23.86% on the session. The 50 day average sits at $228.05 and the 200 day at $158.79, which puts the stock in a uptrend. RSI is at 48.8, which reads as neutral, and MACD is bearish crossover. Volume is average.

The nearest support is around $184.06 with resistance near $304.83, so that band frames the current range. Average daily movement is roughly $20.88, or about 11.9% of the share price, which is what any stop placement has to allow for. The overall health score of 51 out of 100 combines a trend score of 100, momentum of 30 and a risk score of 0.

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