Direxion Daily Financial Bear 3X Shares (FAZ) - Trading Analysis

Posted on 11/05/2012 by Allen Bersch

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NEW YORK (AVAFIN) -- Block trading activities for shares of Direxion Daily Financial Bear 3X Shares reveal that 23 block trades were executed during the market session. Trade flow analysis shows that $4,658,419 worth of shares were bought and $2,511,292 worth of shares were sold by institutional investors. The positive cash flow $2,147,127 into the stock shows that investors have bullish sentiment.

Institutional traders also took positions in options where a total of 16,111 contracts was traded. The put/call ratio equaled 0.29 with 3,648 put and 12,463 call contracts exchanging hands.

On the volume side, 5M shares were traded which is less than the average volume. Direxion Daily Financial Bear 3X Shares is trading below the 50 day moving average and lower than the 200 day moving average. Shares of FAZ opened today at $17.05 and settled the day up $0.13 to $17.03 during the session. The day's trading range is between $16.93 and $17.47 respectively. To date, the stock has lost -25.88% within the last quarter.

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