An Appealing Double Bottom
Tim Knight | Mar 15, 2015 01:21AM ET
If you’re looking for an interesting (and aggressive) opportunity, triple-bearish ETF (based on financials) symbol FAZ - Direxion Daily Financial Bear 3X Shares - (ARCA:FAZ) is available. On a split-adjusted basis, this poor creature has dropped from $40,372 down to – – incredibly – – twelve bucks. All the same, that’s an interesting double-bottom in place. (Side note: I’ll be doing a variety of videos for everyone, including some exclusive Slope+ entries, this weekend).
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