Different stocks may have alternate reactions to various economic factors, world events, and business happenings. When companies gear up to release the next round of quarterly earnings results, investors will be closely watching to see how profitable the overall quarter was. Many factors may come into play when trying to pick the right stocks to own. Investors are often bombarded with stock picking strategies and sure bet winners. Seeking professional advice may be one avenue to pursue, but it is usually a good idea to know exactly what holdings are in the portfolio at all times, as markets can move quickly and without notice.
More news for Direxion Daily Semiconductor Bull 3X Shs (NYSEARCA:SOXL) were recently published by: Seekingalpha.com, which released: "Why I Sell Put Options (Part II)" on July 21, 2009.
When completing stock analysis, investors and traders may opt to review other technical levels. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Active investors may choose to use this technical indicator as a stock evaluation tool.
Shares of Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) opened at 16.29 on Friday. The Williams %R oscillates in a range from 0 to -100. A reading from -80 to -100 would indicate an oversold situation. The Williams %R was developed by Larry Williams.
The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Direxion Small Cap Bull 3X Shares has a 12-month low of $26.35 and a 12-month high of $58.31. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. ADX is used to gauge trend strength but not trend direction. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. The firm's 50-day moving average price is $53.91 and its 200 day moving average price is $88.34. RSI can be used to help spot overbought or oversold conditions. The RSI may be more volatile using a shorter period of time. The RSI oscillates on a scale from 0 to 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. Checking on some levels for Direxion Daily Gold Miners Index Bear 3X Shares ETF (DUST), the 50-day Moving Average is now 30.85, the 200-day Moving Average is 36.86, and the 7-day is standing at 32.37.