Stock Analysis: Bearish Pressure Building on Direxion Daily Financial Bull 3X Shares

Direxion Daily Financial Bull 3X Shares (FAS) gained some ground during trading yesterday, but it appears there is some bearish pressure building up in the background. Looking at yesterday's money flows, $1.04 million left the stock. Only $135.94 million flowed into the stock on uptick trades while $134.91 million flowed in on downtick trades---giving FAS an up/down ratio of 0.13.

The question is, will FAS continue rising or will increasing bearish sentiment help turn things around and start pushing the stock price lower? FAS has lost 24.78% during the past month and is currently trading below its 20-day, 50-day and 200-day moving averages.(via learningmarkets)

Shares of Direxion Daily Energy Bull 3X Shs gained $0.69 (+2.97%) to $23.94. The stock closed at $23.25 in the last trading session and today the shares of ERX opened at $24.40. So far today, the stock has hit a low of $23.20 and high of $25.14. The current trading volume of 4,737,475 is greater than average volume of 4,424,630 shares. ERX is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $22.08 and 52 week high is $54.54. (via marketintellisearch)