FAZ Drops Below Critical Moving Average Threshold

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In trading on Thursday, shares of the Direxion Daily Financial Bear 3X Shares ETF (FAZ) fell below the 200-day moving average, reaching a low of $42.89 per share and currently sitting at $43.17, marking a 7.6% decline for the day.

FAZ’s 52-week performance ranges from a low of $34.865 to a high of $56.37, indicating significant volatility over the past year.

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