First Trust Energy AlphaDEX Fund (FXN)

First Trust Energy AlphaDEX Fund is trading at $24.67, up 2.79% on the session. The 50 day average sits at $23.35 and the 200 day at $21.34, which puts the stock in a uptrend. RSI is at 62.8, which reads as strong, and MACD is bullish crossover. Volume is above average.

The nearest support is around $23.63 with resistance near $24.34, so that band frames the current range. Average daily movement is roughly $0.47, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 80 out of 100 combines a trend score of 81, momentum of 82 and a risk score of 77.

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 energy sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.