FAZ Crosses Below Key Moving Average Level

In trading on Thursday, shares of the Direxion Daily Financial Bear 3X Shares ETF (Symbol: FAZ) crossed below their 200 day moving average of $43.45, changing hands as low as $42.89 per share. Direxion Daily Financial Bear 3X Shares shares are currently trading off about 7.6% on the day. The chart below shows the one year performance of FAZ shares, versus its 200 day moving average:

Looking at the chart above, FAZ’s low point in its 52 week range is $34.865 per share, with $56.37 as the 52 week high point — that compares with a last trade of $43.17.

Click here to find out which 9 other ETFs recently crossed below their 200 day moving average »

Further FAZ Research:

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