Significant 200-Day Moving Average Crossover – FAS Analysis

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On Friday, shares of the Direxion Daily Financial Bull 3X Shares ETF (FAS) fell below their 200-day moving average of $151.32, trading as low as $145.80 per share. The ETF closed down approximately 5.9% for the day.

FAS’s 52-week range shows a low of $92.66 and a high of $189.23, with the most recent trade at $145.67.

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