27-Mar-2024
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The First Trust Technology AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Technology Index.
First Trust Technology Alphadex trades on the ARCA stock market under the symbol FXL.
As of March 27, 2024, FXL stock price climbed to $134.82 with 15,060 million shares trading.
FXL has a beta of 1.39, meaning it tends to be more sensitive to market movements. FXL has a correlation of 0.66 to the broad based SPY ETF.
FXL has a market cap of $1.37 billion. This is considered a Small Cap stock.
In the last 3 years, FXL stock traded as high as $139.13 and as low as $82.55.
FXL has outperformed the market in the last year with a return of +34.7%, while the SPY ETF gained +33.6%. However, in the most recent history, FXL shares have underperformed the stock market with its stock returning +4.5% in the last 3 month period and -0.5% for the last 2 week period, while SPY has returned +10.1% and +1.7%, respectively.
FXL support price is $132.95 and resistance is $136.25 (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 FXL stock will trade within this expected range on the day.