The Direxion Daily Financial Bull Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Financial Services Index (more info here).Yesterday the financials had a strong day and this stock was up 12.4%.
The charts are telling us that there is a positive divergence between the stock price vs the RSI and MACD. Another plus is the stock broke through the previous recent lows around $20 on good volume.
One big negative is the 200 and 50 day moving averages have crossed and both trending down suggesting the primary trend is still down, so this is a short term trade for now with significant risk. ***Not investment advice***
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