Small Cap Bear 3x Shares (TZA)

 | May 15, 2014 01:41AM ET

From a technical view, the ETF is trading above a key support level set at $15.90.

Regarding technical indicators, the daily Relative Strength Index (RSI) is above its neutrality area.

On a relative basis against the TZA ) is trading above its 50-day simple moving average and looks set for a rebound.

Trading strategy:
Buy @ $17.66 - Stop loss @ $15.9 - Target @ $21.8.