Is Trouble Brewing For These Stocks? Shares Gapping Down Pre-Bell: Direxion Daily FTSE China Bull 3X ETF (:YINN), Espey Mfg. & Electronics Corp. (:ESP)

Investors are watching Direxion Daily FTSE China Bull 3X ETF (:YINN) ahead of the market open as shares are gapping down -1.84% with the stock currently sitting at $25.03.

Successful traders and investors often learn how to develop disciplined strategies. Trading strategies can range from very simple to highly complex. Whatever the strategy choice, investors who stay the course may have a better chance of coming out a winner in the stock market. Traders may try to avoid getting trapped into a sour situation. Being able to stomach some losses along the way may not be easy, but it may help sustain profits in the long run. Making the best possible decision is typically what many investors attempt to accomplish. Often times, it may take some bad trades to get to the good ones. Combining the study of company fundamentals with technical stock charts may lead to increased overall knowledge about a particular name. Technical analysts will often be following price action tick by tick with the hopes of capitalizing on a defined trend. 

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. 

Investors may be trying to figure out which chart patterns or technical indicators to use. This may take some time to figure out which strategy works for each individual. Back testing specific indicators can be a good way to personally evaluate a particular method. Many investors will opt to follow trading strategies of the professionals. This may work well for some but not others. Figuring out what works and what doesn’t should help the investor make better future decisions. Some investors will choose to go against the grain and develop a contrarian approach. Pulling out substantial profits in the markets may seem like a daunting task. Playing things safe may be the choice for one investor but not the next. Many people will choose to adhere to the old saying of nothing ventured nothing gained. This of course may vary from investor to investor depending on the amount of capital available.

Recent Price History

Direxion Daily FTSE China Bull 3X ETF (:YINN)’s performance this year to date is 70.29%.  The stock has performed 18.60% over the last seven days, 15.90% over the last thirty, and 29.62% over the last three months.  Over the last six months, Direxion Daily FTSE China Bull 3X ETF’s stock has been 47.03% and 59.24% for the year.

SMA

The simple moving average is the most common method used to calculate the moving average of prices. Direxion Daily FTSE China Bull 3X ETF’s 20-Day Simple Moving Average is 11.73%.  Extending back, their 50-Day Simple Moving Average is 14.43%, looking even further back, their 200-Day Simple Moving Average stands at 29.94%.  

Espey Mfg. & Electronics Corp. (:ESP) is moving lower ahead of the market open as the stock is gapping down -1.84%.  A recent bid puts the equity at $22.40.

HISTORICAL GROWTH

Espey Mfg. & Electronics Corp. (:ESP)’s performance this year to date is -12.42%.  The stock has performed 1.87% over the last seven days, -0.48% over the last thirty, and -3.86% over the last three months.  Over the last six months, Espey Mfg. & Electronics Corp.’s stock has been -12.47% and -6.05% for the year.

SMA Watch
 Espey Mfg. & Electronics Corp.’s 20-Day Simple Moving Average is -1.09%.  Extending back, their 50-Day Simple Moving Average is -2.53%, looking even further back, their 200-Day Simple Moving Average stands at -9.65%.  

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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