Investors are watching Direxion Daily Technology Bull 3X ETF (:TECL) ahead of the market open as shares are gapping down -1.30% with the stock currently sitting at $107.14.
Investors might be trying to figure out an investment plan that is right for them. Some may opt to go with a short-term plan, and others may choose to invest in stocks for the long haul. The thought of creating a defined plan may be overwhelming to some. Comparing the plusses and minuses of both may be a good way to start forming a strategy. Investing for the short-term may offer chances to capitalize on gains over a few weeks or months. There may be more fluctuations to deal with in the short-term, but the rewards may be greater if managed properly. One drawback of investing for the short-term is that it may involve more risk. The element of correct timing comes into play when trying to enter or exit a position, which may not be for everyone. Investing for the long-term may be a safer way to go as investors are typically looking for smaller gains over a longer period of time.
Dedicated investors tend to spend a lot of time trying to decipher the correct procedure for beating the stock market. This may involve figuring out a proper strategy, and deciding which stocks to start with when constructing a portfolio. Building a portfolio does not have to be a frantic race. In fact, not rushing into things may end up putting the investor in a good position to succeed. There are times when tough decisions need to be made when dealing with the equity market. Spending enough time to assess all the possibilities before making an investing decision may pay off down the road. As most investors know, there is no magic formula for coming out a winner in the stock market. Acquiring the most possible knowledge about the markets and individual stocks can play a vital role in the long-term success of the individual investor.
Direxion Daily Technology Bull 3X ETF (:TECL)’s performance this year to date is 119.10%. The stock has performed -1.59% over the last seven days, 12.87% over the last thirty, and 27.54% over the last three months. Over the last six months, Direxion Daily Technology Bull 3X ETF’s stock has been 53.62% and 154.41% for the year.
Direxion Daily Technology Bull 3X ETF’s 20-Day Simple Moving Average is 1.88%. Extending back, their 50-Day Simple Moving Average is 11.64%, looking even further back, their 200-Day Simple Moving Average stands at 36.05%.
Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.