Bullish Speculation for Direxion Daily Real Estate Bear 3X Shrs (DRV)

by Leo
source:marketintellisearch.com
NEW YORK (Market Intellisearch) -- Shares of Direxion Daily Real Estate Bear 3X Shrs settled at $7.22 up $0.43(+6.33%) in today's trading session. On the volume front, trading was heavier than usual and the price of DRV shares crossed above the 50-day moving average of $7.19. The relationship between the stock's price and its moving average is key to determining the trend.

Today's trading activity is a sign that the shares of DRV may continue to head higher in the near future as long as the moving average continues to rise.