First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund is trading at $178.18, down 0.56% on the session. The 50 day average sits at $183.40 and the 200 day at $173.82, which puts the stock in a uptrend. RSI is at 43.4, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $177.31 with resistance near $181.32, so that band frames the current range. Average daily movement is roughly $3.34, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 60 out of 100 combines a trend score of 69, momentum of 33 and a risk score of 84.

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index includes companies that are primarily engaged and involved in electric grid, electric meters and devices, networks, energy storage and management, and enabling software used by the smart grid infrastructure sector. The fund is non-diversified.