Holiday Shopping Lifts Leveraged ETF Past 200-Day Moving Average
This article was originally published on ETFTrends.com.
Christmas came early for retailers as a strong showing in sales during Thanksgiving, Black Friday and Cyber Monday gave retail-focused exchange-traded funds (ETFs) a boost, including the Direxion Daily Retail Bull 3X ETF (NYSEArca: RETL), which was lifted past its 200-day moving average. Based on Yahoo! Finance performance figures, RETL is up 3.05% year-to-date and [...]