Direxion Daily Gold Miners Bear 3X ETF (:DUST) shares have been recorded gapping down -3.35% between sessions as the stock currently sits at $30.11 before the bell.
A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. Gaps are created by numerous factors. Poor earnings, bad news, organizational changes and/or market influences can cause a stock’s price to decrease suddenly.
Direxion Daily Gold Miners Bear 3X ETF (:DUST)’s performance this year to date is -35.72%. The stock has performed -6.41% over the last seven days, -0.42% over the last thirty, and 24.81% over the last three months. Over the last six months, Direxion Daily Gold Miners Bear 3X ETF’s stock has been -13.73% and 5.21% for the year.
SIMPLE MOVING AVERAGE
The simple moving average is the most common method used to calculate the moving average of prices. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Direxion Daily Gold Miners Bear 3X ETF’s 20-Day Simple Moving Average is -5.04%. Extending back, their 50-Day Simple Moving Average is -1.47%, looking even further back, their 200-Day Simple Moving Average stands at -18.35%.