Direxion Daily INTC Bull 2X ETF (LINT)

Direxion Daily INTC Bull 2X ETF is trading at $34.75, down 61.68% on the session. The 50 day average sits at $117.77 and the 200 day at $110.88, which puts the stock in a uptrend. RSI is at 39.7, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $86.00 with resistance near $102.83, so that band frames the current range. Average daily movement is roughly $11.27, or about 32.4% of the share price, which is what any stop placement has to allow for. The overall health score of 22 out of 100 combines a trend score of 33, momentum of 20 and a risk score of 6.

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