Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)

Direxion Daily Aerospace & Defense Bull 3X Shares is trading at $48.23, down 6.04% on the session. The 50 day average sits at $54.00 and the 200 day at $70.06, which puts the stock in a downtrend. RSI is at 44.4, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $43.40 with resistance near $47.16, so that band frames the current range. Average daily movement is roughly $2.75, or about 5.7% of the share price, which is what any stop placement has to allow for. The overall health score of 27 out of 100 combines a trend score of 0, momentum of 53 and a risk score of 32.

The fund 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 attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.