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Market Impact: 0.15
DRV Makes Bullish Cross Above Critical Moving Average
Source: Nasdaq
Housing & Real EstateMarket Technicals & FlowsDerivatives & Volatility
Direxion Daily Real Estate Bear 3X ETF (DRV) rose about 4% Wednesday and traded as high as $21.62, moving above its 200-day moving average of $21.35. The technical breakout signals increased bearish positioning or hedging demand against the real-estate sector, though the impact is likely limited to the leveraged ETF and related real-estate sentiment.
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