First Trust Technology AlphaDEX Fund (FXL)

First Trust Technology AlphaDEX Fund is trading at $217.64, down 2.89% on the session. The 50 day average sits at $207.77 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 66.8, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $199.57 with resistance near $224.20, so that band frames the current range. Average daily movement is roughly $5.28, or about 2.4% of the share price, which is what any stop placement has to allow for. The overall health score of 67 out of 100 combines a trend score of 56, momentum of 87 and a risk score of 55.

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000® Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.