Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Stock Price Pass Above 50 Day Moving Average of $167.62

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $167.62 and traded as high as $184.95. Direxion Daily Technology Bull 3X Shares shares last traded at $184.01, with a volume of 4,746 shares traded.

The firm has a fifty day simple moving average of $168.37.

A number of institutional investors and hedge funds have recently made changes to their positions in TECL. Simplex Trading LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter worth $2,000,000. Traynor Capital Management Inc. increased its position in Direxion Daily Technology Bull 3X Shares by 88.9% in the first quarter. Traynor Capital Management Inc. now owns 8,814 shares of the exchange traded fund’s stock worth $1,221,000 after purchasing an additional 4,149 shares during the last quarter. David R. Rahn & Associates Inc. bought a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter worth $366,000. Virtu Financial LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter worth $287,000. Finally, Gateway Advisory LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the first quarter worth $208,000.

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