Daily Mid Cap Bear 3x Shares (MIDZ)

 | Apr 11, 2014 02:09AM ET

From a technical view, the Direxion Daily Mid Cap Bear 3X (MIDZ.K) ETF is bouncing off its 20-day moving average which is turning up. Regarding technical indicators, the daily MACD is going to validate a bullish divergence while the daily RSI is reversing up from its neutrality area. On a relative basis against the S&P 500, the Direxion Daily Mid Cap Bear 3x Shares ETF is above its 20-day moving average and looks set for a bounce. Trading strategy: Buy @ $17.23 - Stop loss @ $15.30 - Targets @ $21.25 & @ $25.25.