AMZU Stock Summary and Trading Ideas (Direxion Daily Amzn Bull 2X | NASDAQ:AMZU)

The Direxion Daily AMZN Bull 2X Shares (AMZU) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AMZN performance itself. Longer holding periods, higher volatility of AMZN and leverage increase the impact of compounding on an investor's returns. During periods of higher AMZN volatility, the volatility of AMZN may affect the fund's performance.

Direxion Daily Amzn Bull 2X trades on the NASDAQ stock market under the symbol AMZU.

As of November 6, 2024, AMZU stock price climbed to $39.20 with 1,388,646 million shares trading.

AMZU has a beta of 3.02, meaning it tends to be more sensitive to market movements. AMZU has a correlation of 0.55 to the broad based SPY ETF.

AMZU has a market cap of $187.18 million. This is considered a Micro Cap stock.

AMZU has outperformed the market in the last year with a price return of +65.8% while the SPY ETF gained +37.6%. AMZU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +57.3% and +17.6%, respectively, while the SPY returned +14.6% and +1.3%, respectively.

AMZU support price is $35.31 and resistance is $37.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMZU shares will trade within this expected range on the day.