Global X MLP & Energy Infrastructure ETF (MLPX)

Global X MLP & Energy Infrastructure ETF is trading at $76.36, up 1.81% on the session. The 50 day average sits at $74.42 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 55.5, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $75.53 with resistance near $78.34, so that band frames the current range. Average daily movement is roughly $1.21, or about 1.6% 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 68, momentum of 75 and a risk score of 84.

The fund invests at least 80% of its total assets in the securities of the index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The index tracks the performance of midstream energy infrastructure MLPs and corporations. It is non-diversified.