FAB Stock Summary and Trading Ideas (First Trust Multi Cap Value Alphadex | NASDAQ:FAB)

The Fund will seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NASDAQ AlphaDEX Multi Cap Value Index. The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Multi Cap Value Index is an enhanced index created and administered by Nasdaq, Inc. (Nasdaq) which employs the AlphaDEX stock selection methodology to select top 187 stocks that meet certain criteria from the three indices NASDAQ US 500 Large Cap Index, NASDAQ US 600 Mid Cap Index and NASDAQ US 700 Small Cap Index which is comprised in the following weights i.e 50%, 30% & 20% respectively. Nasdaq constructs the Index by ranking the eligible stocks within each index on growth factors including 3, 6 and 12 month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. The index is reconstituted and rebalanced quarterly.

First Trust Multi Cap Value Alphadex trades on the NASDAQ stock market under the symbol FAB.

As of April 19, 2024, FAB stock price climbed to $78.44 with 2,972 million shares trading.

FAB has a market cap of $152.95 million. This is considered a Micro Cap stock.

In the last 3 years, FAB stock traded as high as $82.62 and as low as $60.53.

FAB stock has underperformed the market in the last year with a return of +14.4%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FAB shares. However, FAB has outperformed the market in the last 3 month and 2 week periods, returning +3.8% and -3.2%, while SPY returned +3.0% and -4.5%, respectively. This indicates FAB has been having a stronger performance recently.

FAB support price is $76.56 and resistance is $78.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAB stock will trade within this expected range on the day.