First Trust NASDAQ-100-Technology Sector Index Fund (QTEC)

First Trust NASDAQ-100-Technology Sector Index Fund is trading at $317.14, down 2.74% on the session. The 50 day average sits at $314.20 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 61.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $313.00 with resistance near $335.49, so that band frames the current range. Average daily movement is roughly $8.51, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 66 out of 100 combines a trend score of 56, momentum of 82 and a risk score of 61.

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 an equal-weighted index composed of the securities comprising the NASDAQ-100 Index® that are classified as "technology" according to the Industry Classification Benchmark classification system.