Shares Slipping Lower Pre-Market: Direxion Daily S&P500 Bull 3X Shares (:SPXL)

Direxion Daily S&P500 Bull 3X Shares (:SPXL) is moving lower ahead of the market open as the stock is gapping down -3.47%.  A recent bid puts the equity at $51.68.

Investors are always trying to get an advantage in the equity market. Everyone wants to find that next great stock pick that provides a solid boost to the portfolio. Investors often identify risk preference when trying to sort out asset allocation. In general, a higher amount of risk may offer a greater potential for growth. Many investors may struggle with the concept of leaving emotion out of picking stocks. Equity research may involve a high degree of patience, determination, and lots of homework. Learning everything possible about the markets can help the individual investor better navigate the waters. As the old saying goes, knowledge is power. Being able to filter through the data to determine what is relevant information may assist the investor with making those tough investment decisions.

Many investors pay close attention to historical price movements when analyzing stocks. They may also take a deeper look into which sectors have been the best performers over the same time frame. Everyone seems to have an opinion on which way the market will move in the near-term. With the stock market still moving higher, many stock picks may still look really good. Reviewing specific stocks in the portfolio may help scout out the ones that may only be higher because of overall market levels. Predicting the next market shift is usually near impossible. Having the right stocks in the portfolio can help ease the investor’s mind no matter what the next few months brings in terms of volatility.

HISTORICAL GROWTH

Direxion Daily S&P500 Bull 3X Shares (:SPXL)’s performance this year to date is -17.99%.  The stock has performed -1.00% over the last seven days, -0.39% over the last thirty, and 26.70% over the last three months.  Over the last six months, Direxion Daily S&P500 Bull 3X Shares’s stock has been 143.66% and 0.63% for the year.

SMA Watch
 Direxion Daily S&P500 Bull 3X Shares’s 20-Day Simple Moving Average is -8.61%.  Extending back, their 50-Day Simple Moving Average is -1.12%, looking even further back, their 200-Day Simple Moving Average stands at 4.23%.  

Making money in the stock market can be challenging, but it is not impossible. Accomplished investors typically have a well-rounded understanding of how markets function. Many successful investors have learned to be patient, disciplined, and ready to jump on any opportunity that arises. Securing higher returns on investment dollars may take some extra time and effort for those who do not have a lengthy background in the stock market. Although there are many types of investments out there, investing in stocks has traditionally provided the highest potential for returns. To realize consistent returns, investors typically have to maintain a steadfast approach and be willing to adapt to changing market environments over time.  

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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