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Shares of QCMU Now Oversold

Apr 07, 2026 20:13 UTC

In trading on Tuesday, shares of the Direxion Daily QCOM Bull 2X ETF (Symbol: QCMU) entered into oversold territory, changing hands as low as $13.10 per share.

  • April 07, 2026 — 04:13 pm EDT Written byBNK InvestforBNK Invest-> In the case of Direxion Daily QCOM Bull 2X, the RSI reading has hit 29
  • 3 — by comparison, the RSI reading for the S&P 500 is currently 47
  • 4

April 07, 2026 — 04:13 pm EDT Written byBNK InvestforBNK Invest-> In the case of Direxion Daily QCOM Bull 2X, the RSI reading has hit 29.3 — by comparison, the RSI reading for the S&P 500 is currently 47.4. A bullish investor could look at QCMU's 29.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), QCMU's low point in its 52 week range is $13.10 per share, with $39.45 as the 52 week high point — that compares with a last trade of $13.32. D

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