Direxion Daily S&P Biotech Bear 3X Shares (LABD)

[surehands]

Here's how I figure it.

IBB = 336
IBB target = 3.40
3.40/3336=1.012
.012x3=.036
.036x4.94=.178

4.94-17.8= 4.76 LABD price target with IBB @ 3.40...


Have a funny feeling it goes lower.

IBB = 3.36
IBB Target = 3.50
3.50/3.36=1.042
.042x3=.126
.126x4.94=.622
4.94-.622= 4.31 LABD price tartet with IBB @ 3.50


IBB = 3.36
IBB Target = 3.60
3.60/3.36= 1.071
.071x3=.213
.213x4.94=.1.052
4.94-1.052= 3.89 LABD price tarted with IBB @ 3.60

Caveat LABD tracks XBI not IBB they do trade in parrallel could be a bit different % wise.

Heres a double top scenario using XBI at 91.1

XBI 84.70
XBI Target = 91.1
91.1/84.70 = 1.076
.076x3=.228
.228x4.94=1.12
4.94-1.12= 3.82 LABD price target with XBI @ 91.1 double top scenario