Direxion Daily Treasury Bull 3X Shares: Buy At $46.42

 | Jan 12, 2014 12:49AM ET

From a technical view, the ETF broke above a declining trend line.

Regarding technical indicators, the 20-day simple moving average is turning up and provides support.

On a relative basis against the S&P 500, the Direxion Daily 20+ Year Treasury Bull 3x Shares broke above a declining trend line and looks set for a rebound.

Trading strategy:

Buy at $46.42 - Stop loss at $42.7 - Target at $51.9