First Trust Core Investment Grade ETF (FTCB)

First Trust Core Investment Grade ETF is trading at $20.47, down 0.20% on the session. The 50 day average sits at $20.67 and the 200 day at $21.01, which puts the stock in a downtrend. RSI is at 42.9, which reads as weak, and MACD is bullish crossover. Volume is average.

The nearest support is around $20.50 with resistance near $20.62, so that band frames the current range. Average daily movement is roughly $0.08, or about 0.4% of the share price, which is what any stop placement has to allow for. The overall health score of 43 out of 100 combines a trend score of 7, momentum of 56 and a risk score of 84.

Under normal market conditions, the fund seeks to invest 100% of its investment portfolio in investment grade securities. Investment grade securities are those securities that are, at the time of purchase, rated as investment grade (i.e., rated Baa3/BBB- or above) by at least one nationally recognized statistical rating organization (“NRSRO”) rating such securities, or if unrated, debt securities determined by the fund’s investment advisor to be of comparable quality. The fund is non-diversified.