Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL) Stock Breaks Below 200-Day Moving Average – Should You Sell?

Shares of Direxion Daily Dow Jones Internet Bull 3X ETF (NYSEARCA:WEBL – Get Free Report) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $24.48 and traded as low as $23.51. Direxion Daily Dow Jones Internet Bull 3X ETF shares last traded at $24.28, with a volume of 125,763 shares trading hands.

Direxion Daily Dow Jones Internet Bull 3X ETF Trading Down 10.6%

The stock has a market capitalization of $66.19 million, a PE ratio of 26.56 and a beta of 3.66. The firm has a 50 day moving average price of $28.58 and a 200 day moving average price of $24.45.

About Direxion Daily Dow Jones Internet Bull 3X ETF

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The Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x leveraged daily exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBL was launched on Nov 7, 2019 and is managed by Direxion.

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