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Trading Alert for Direxion Daily Gold Miners Bull 3X ETF (NUGT)

Trading Alert for Direxion Daily Gold Miners Bull 3X ETF (NUGT)
April 16
04:13 2015

A total of 16.58K call and 7.10K put contracts were traded raising a low put/call ratio alert on shares of Direxion Daily Gold Miners Bull 3X ETF. The traded put/call ratio for Direxion Daily Gold Miners Bull 3X ETF was 0.43. Overall call volume was running 2.3x the put volume.

Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low put/call ratio implies that investor sentiment is bullish based on the large amount of call options.

Shares of Direxion Daily Gold Miners Bull 3X ETF rose $0.93 (8.33%) to $12.10 in today’s trading session. The price of NUGT ranged between $11.15 – $12.17. Volume is 3.08M in relation to the three month average volume of shares. The technical momentum Relative Strength Index indicator shows oversold conditions. NUGT is trading above the fifty day moving average and higher than the two hundred day moving average. The stock’s 52 week low is $8.17 and 52 week high is $53.22. To date, the stock has lost -35.43% within the last quarter.

Source: Ethan Greenberger

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Ethan Greenberger

Ethan Greenberger

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