(FXL) First Trust Technology - Ratings and Ratios

The First Trust Technology AlphaDEX® Fund (FXL) is an exchange-traded fund (ETF) designed to provide exposure to technology sector stocks selected through the AlphaDEX® methodology. The fund typically invests at least 90% of its net assets in securities from its underlying index, which is a modified equal-dollar weighted index. This index is crafted to identify and select technology sector stocks from the Russell 1000® Index that have the potential to generate positive alpha relative to traditional passive indices. The AlphaDEX® selection methodology employs a quantitative approach, evaluating factors such as price appreciation, sales growth, and other fundamental metrics to identify stocks with strong potential for outperformance.

Based on the provided data, FXL is currently trading at $139.86, with a 20-day average volume of 17,143 shares. The funds short-term trend, as indicated by the SMA 20 ($128.23) and SMA 50 ($134.48), suggests upward momentum, while the SMA 200 ($141.82) indicates a potential longer-term consolidation phase. The ATR of 4.86 points to moderate volatility. With an AUM of $1.107 billion, FXL maintains a significant market presence in the technology sector ETF space. The funds strategy, combined with its current technical indicators, positions it for potential growth in a rising technology sector, though investors should remain mindful of broader market conditions and sector-specific risks.