FDMO Stock Summary and Trading Ideas (Fidelity Momentum Factor ETF | ARCA:FDMO)

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Fidelity Momentum Factor ETF trades on the ARCA stock market under the symbol FDMO.

As of May 10, 2024, FDMO stock price declined to $60.48 with 8,078 million shares trading.

FDMO has a beta of 1.10, meaning it tends to be more sensitive to market movements. FDMO has a correlation of 0.90 to the broad based SPY ETF.

FDMO has a market cap of $199.58 million. This is considered a Micro Cap stock.

In the last 3 years, FDMO stock traded as high as $60.80 and as low as $40.02.

FDMO has outperformed the market in the last year with a price return of +34.3% while the SPY ETF gained +27.8%. FDMO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and +3.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

FDMO support price is $59.76 and resistance is $61.25 (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 FDMO stock will trade within this expected range on the day.