Direxion Daily Small Cap Bull 3X Shares (ETF) (NYSE: TNA) is up sharply in mid-day trading today, extending its gains for the week. At last check, TNA was trading 2.47% higher at $70.99 on volume of 570,282. The ETF rose to a 52-week high of $71 today. TNA has gained more than 17% this week.
TNA is an exchange traded fund seeking daily investment results of 300% of the price performance of the Russell 200 Index (the Small Cap Index). The index measures the performance of the small-cap segment of the U.S. equity universe.
Southwest Airlines Co. (NYSE: LUV), operator of Southwest Airlines, is up sharply in mid-day trading today, extending its gains for the week. Airline shares have had an excellent run this week following the fiscal cliff deal.
LUV is currently trading 1.31% higher at $10.86 on volume of 2.81 million, which is well below the daily average volume of 6.66 million. LUV has gained more than 6.6% this week, compared to a gain of over 4% for the S&P 500.
LUV has broken through $10.60 resistance level as a result of the rally this week. Earlier today, the stock hit a 52-week high of $10.92. Technical indicators for LUV point to further gains.
Find out if LUV could maintain the momentum by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=LUV
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SOURCE Investor Alley, Inc.
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