Stock Backsliding Pre-Bell, Gapping Down: Direxion Daily Mid Cap Bull 3X Shares (:MIDU)

Direxion Daily Mid Cap Bull 3X Shares (:MIDU) shares have been recorded gapping down -3.23% between sessions as the stock currently sits at $22.13 before the bell.

Direxion Daily Mid Cap Bull 3X Shares (:MIDU) shares are seeing negative momentum as they gap down ahead of the bell.

Stock market investors are typically searching for solid quality companies to help boost the portfolio. There are plenty of quality companies out there, the tricky part may be determining what constitutes as quality. Many investors look for companies that are solid sales leaders within a market that is growing. Going further, investors may be studying a company’s proven track record and gauging the competence of current management. Adding other factors such as brand recognition and prospects for steady growth, investors may eventually find a company that is worth taking the risk for future returns.

Recent Price History

Direxion Daily Mid Cap Bull 3X Shares (:MIDU)’s performance this year to date is -52.99%.  The stock has performed 3.16% over the last seven days, -8.95% over the last thirty, and 14.97% over the last three months.  Over the last six months, Direxion Daily Mid Cap Bull 3X Shares’s stock has been 179.86% and -45.79% for the year.

SMA

The simple moving average is the most common method used to calculate the moving average of prices. Direxion Daily Mid Cap Bull 3X Shares’s 20-Day Simple Moving Average is -6.71%.  Extending back, their 50-Day Simple Moving Average is -3.57%, looking even further back, their 200-Day Simple Moving Average stands at -21.23%.  

Successful investors are usually adept at expecting and reacting to sudden change. Things may be all roses when the markets are riding the bulls higher, but environments shift and can leave investors suddenly in the lurch. When times are good, investors may be well served by maintaining a watchful eye on the portfolio. Becoming complacent when everything seems to be working can become a disaster very quickly without the proper attention. Setting up a plan for different market scenarios can greatly benefit the investor. Routinely studying portfolio contents may help when the need to release some underperformers comes. Keeping close tabs on the portfolio may also help fend off a personal panic if events take a dramatic turn for the worse.

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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