AMEX:LABU   Direxion Daily S&P Biotech Bull 3X Shares
New trading level. Trading in a channel. Price is moving sideways. 50EMA just broke above the 200 EMA. Price is pulling back and will likely test the previous bottom where money will flow back in to move this up again and with enough momentum we may break this ceiling and continue upwards. But for now, it will follow the general market and shorting this stock seems like the best play.
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