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Direxion Daily Real Estate Bull 3X Breaks Below 200-Day Moving Average
Source: Nasdaq
Housing & Real EstateDerivatives & VolatilityMarket Technicals & Flows
Direxion Daily Real Estate Bull 3X ETF (DRN) fell 3.1% Wednesday and broke below its 200-day moving average of $10.02, trading as low as $9.79. The technical breakdown signals weakening momentum in the leveraged real-estate ETF, though the impact is likely limited to DRN and closely related real-estate trading sentiment.
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