Direxion Daily FTSE China Bear 3x Shares ETF trades under the ticker YANG, and has recently shown technical movement that makes it worth considering for a short-term trade.
YANG closed at $12.76, after climbing 6.69% on 1/29/2021, with a bullish MACD crossover, rising volume & a low RSI.
YANG Share Price: $12.76
10 Day Moving Average: $11.73
50 Day Moving-Average: $15.44
200 Day Moving-Average: $24.47
RSI: 43
YANG’s volume has been increasing recently compared to the prior 90 day’s average, and the recent price crossing the 10 Day Moving-Average shows that there may be some more momentum to continue the growth in price.
Direxion Daily FTSE China Bear 3x Shares ETF has options; I like the $10-11 calls & puts.
Given that this is a 3x levered fund, it may be riskier to sell the puts, whereas owning them will provide more cushion, something that also is worth considering for an ETF that tracks China.
*** I DO NOT OWN SHARES OF YANG ETF ***