First Trust Technology AlphaDEX Fund (FXL)

First Trust Technology AlphaDEX Fund is trading at $213.60, down 3.41% on the session. The 50 day average sits at $218.65 and the 200 day at $194.68, which puts the stock in a uptrend. RSI is at 53.1, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $216.79 with resistance near $223.49, so that band frames the current range. Average daily movement is roughly $4.41, or about 2.1% of the share price, which is what any stop placement has to allow for. The overall health score of 62 out of 100 combines a trend score of 77, momentum of 42 and a risk score of 67.

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