SPUU Stock Direxion Daily S&P 500® Bull 2X ETF (SPUU, $119.05) price may drop as it broke higher Bollinger Band on May 06, 2024

A.I.dvisor
at Tickeron.com
05/07/24
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SPUU - Direxion Daily S&P 500® Bull 2X ETF
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Bollinger signal
Price: $119.05
Daily change: +$2.28 (+1.95%)
Daily volume: 12.9K
Net Assets: $152.9M
This price move could be a signal that SPUU may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 43 similar cases where SPUU's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:
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SPUUDaily Signal changed days agoGain/Loss if shorted
 
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published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/