First Trust Energy AlphaDEX Fund (FXN)

First Trust Energy AlphaDEX Fund is trading at $23.30, up 0.78% on the session. The 50 day average sits at $21.28 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 66, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $21.31 with resistance near $23.06, so that band frames the current range. Average daily movement is roughly $0.48, or about 2.1% of the share price, which is what any stop placement has to allow for. The overall health score of 74 out of 100 combines a trend score of 72, momentum of 83 and a risk score of 65.

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.