A pop above the 50-day moving average, now at $12.15, would signal a run to $13.50. Traders should not chase inverse funds like FAZ. Exercise patience and try to buy at $11 or lower.Leveraged ETFs seek to deliver multiples of the performance of a benchmark, while inverse ETFs seek to deliver the opposite of the performance of a benchmark. These ETFs entail unique risks, including, but not limited to: the use of leverage, aggressive and complex investment techniques, and the use of derivatives. Returns over longer periods will likely differ in amount and even direction of the underlying.
These products are not suitable for all investors. They require active monitoring and management. Stop-loss orders should be used to protect against losses.