AMZU Stock Summary and Trading Ideas (Direxion Daily Amzn Bull 1.5X | NASDAQ:AMZU)

The Direxion Daily AMZN Bull 1.5X Shares (the "Fund") seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) ("AMZN"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AMZN for the period.

Direxion Daily Amzn Bull 1.5X trades on the NASDAQ stock market under the symbol AMZU.

As of May 26, 2023, AMZU stock price climbed to $20.97 with 398,463 million shares trading.

AMZU has a beta of 2.21, meaning it tends to be more sensitive to market movements. AMZU has a correlation of 0.38 to the broad based SPY ETF.

AMZU has a market cap of $28.83 million. This is considered a Sub-Micro Cap stock.

AMZU support price is $19.12 and resistance is $20.18 (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 stock will trade within this expected range on the day.