FAS Drops Below Critical Moving Average Threshold

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On Thursday, shares of the Direxion Daily Financial Bull 3X Shares ETF (FAS) fell below their 200-day moving average of $161.27, trading as low as $155.60, representing an 8.6% drop for the day. The current trading price is $154.62, significantly lower than the 52-week high of $189.23, with a low of $92.66 during the same period.

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