Joe81

ERX might have put in a bottom

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AMEX:ERX   Direxion Energy Bull 2X Shares
ERX looks like it completed a bottoming pattern similar to an inverse H&S with increasing volume. It has closed over the 50 day MA for three straight days, and the 10 day MA should close over the 50 day MA today as well. These will both be firsts since it has been searching for a bottom. Momentum is picking up as it sits at a major long term inflection point.
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