Direxion Daily MSCI Em Mkts Bull 3X ETF (EDC, $31.9) price may drop as it broke higher Bollinger Band on May 02, 2025

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EDC - Direxion Daily MSCI Em Mkts Bull 3X ETF
Bollinger signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $31.9
Daily change: +$2.52 (+8.58%)
Daily volume: 219.8K
Net Assets: $64.3M

This price move could be a signal that EDC may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 43 similar cases where EDC's price broke its higher Bollinger Band, and 39 of them led to a successful outcome. Odds of Success: 90%.