On Friday, shares of the Direxion Daily NFLX Bull 2X Shares ETF (NFXL) dropped into oversold territory, trading as low as $12.57 per share. The Relative Strength Index (RSI) for NFXL reached 28.2, signaling potential exhaustion of recent selling. In comparison, the S&P 500 has an RSI of 45.2.
NFXL’s 52-week trading range saw a high of $63.44 and a low of $12.57, with the last trade recorded at $14.24, indicating a decline of approximately 15.9% on the day.
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