Buy 3x Emerging Markets ETF

By
A A A

Direxion Daily Emerging Markets Bull 3x Shares (NYSE: EDC ) - This exchange-traded fund (ETF) seeks daily investment results, before fees and expenses, that correspond to 300% of the price performance of the MSCI Emerging Markets Index.

Yesterday, EDC confirmed a triple-top breakout with a breakaway gap. The target for such a breakout is difficult to estimate, but major moves often result from patterns like this.

Caution: This is a highly leveraged ETF that entails unique risks. It is not suitable for long-term investors. Only day traders should consider buying this ETF. And the use of stop-loss orders is highly recommended.

Trade of the Day - EDC Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

The Secret to Money-Doubling Trades They Don't Want You to Know - Professional traders Nick Atkeson and Andrew Houghton reveal their proven, time-tested strategy to finding money-doubling trades in a new report. It's the trading "secret" so effective they were banned from sharing it with you. Download your FREE copy here.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: EDC , ETF

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

Stocks

Referenced

100%
100%

Most Active by Volume

7,557,052
  • $5.8488 ▼ 11.92%
4,197,135
  • $43.012 ▲ 0.99%
3,609,725
  • $16.925 ▲ 0.92%
2,353,360
  • $4.3667 ▲ 12.54%
2,246,677
  • $102.31 ▲ 0.72%
1,980,401
  • $26.1499 ▲ 0.38%
1,711,282
  • $13.03 ▼ 16.15%
1,662,676
  • $8.60 ▲ 0.70%
As of 9/18/2014, 09:34 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com