First Trust Technology AlphaDEX Fund (FXL)

First Trust Technology AlphaDEX Fund is trading at $216.20, down 2.17% on the session. The 50 day average sits at $218.44 and the 200 day at $192.57, which puts the stock in a uptrend. RSI is at 58.9, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $216.79 with resistance near $231.93, so that band frames the current range. Average daily movement is roughly $3.43, or about 1.6% of the share price, which is what any stop placement has to allow for. The overall health score of 86 out of 100 combines a trend score of 97, momentum of 82 and a risk score of 74.

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.