Is there still a room growth for FAS

Direxion Daily Financial Bull 3X Shares (FAS) shows potential for growth. Here's the analysis to support this conclusion:

1. Technical Indicators Suggest Bullish Momentum: FAS has crossed above its 200-day moving average multiple times, indicating a potential upward trend. The stock has also passed above two hundred-day moving average of $96.59, $86.43, and $83.01, which could be signs of increasing bullish sentiment.

2. Recent Institutional Activity Indicates Confidence: Despite some outflows, there have been notable purchases by institutional investors, which could be seen as a vote of confidence in the ETF's potential for growth.
3. Dividend Distribution Supports Long-Term Investment: FAS has declared and paid quarterly distributions, which could appeal to income-focused investors and indicate a stable or growing income stream.
4. Market Positioning and Leveraged Exposure: As a leveraged ETF, FAS seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index. This leveraged exposure could amplify gains in a bullish market, making it an attractive option for investors looking for high potential returns.
5. Financial Market Conditions: The broader financial market conditions, such as the Federal Reserve's monetary policy and economic indicators, can influence the performance of financial sector stocks and ETFs like FAS. If the market conditions are favorable for the financial sector, FAS could benefit from these conditions.

In conclusion, while there are risks associated with leveraged ETFs and the financial sector, the technical indicators, institutional activity, dividend distribution, and market positioning of FAS suggest that there is still room for growth. Investors should consider their risk tolerance and investment goals before investing in such high-leverage products.