In the case of Direxion Daily 20 Year Plus Treasury Bull 3x Shares, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 69.7. A bullish investor could look at TMF's 29.6 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), TMF's low point in its 52 week range is $35.205 per share, with $64.98 as the 52 week high point — that compares with a last trade of $35.38. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares are currently trading down about 1.9% on the day.
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BF.B shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
