Oil and Gas at it again $FTXNThis ETF is the one a chose to play the new trend. I made a good profit from it and today is signaling another pivot buy. With today's breakout out of an ascending triangle the price may be posed to continue its trend up.
I'd be very cautios and start with small positions or go with a full position
Key stats
About First Trust Nasdaq Oil & Gas ETF
Home page
Inception date
Sep 20, 2016
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FTXN invests in a concentrated basket of liquid US oil and gas companies. It picks the 50 most liquid stocks in the segment, which includes companies involved in exploration, production, drilling, distribution, and sales of oil and gas products. The selected stocks are then ranked and weighted on three different factors: 1) strong growth, as exhibited by 3-, 6-, 9-, and 12-month average price returns, 2) attractive value, evaluated by cash-flow-to-price, and 3) low volatility, based on historical price fluctuations. No single constituent can hold more than 8% of the total holdings. The index is reconstituted annually and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Energy Minerals
Industrial Services
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.