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rlim
Mar 3, 2015 9:11 AM

$DRN trending lower below 10,20,50-day MAs Short

Direxion Daily Real Estate Bull 3X SharesArca

Description

DRN has a long trend upwards, but started a prolong correction late Jan 2015.
DRN has broke below both 10 and 20-day MA w/ very large volume, and broke below the 50-day w/ increasing volume.
There will be a test on the 100-day MA in a few days.
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