TDIV - rising wedgeThe price is still moving inside the pattern.
Enter the short position when the price breaks down out of the wedge.
Invalidation would be if the price comes back up to the inside of the pattern.
Target is shown on the chart.
Key stats
About First Trust NASDAQ Technology Dividend Index Fund
Home page
Inception date
Aug 14, 2012
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
TDIV holds a dividend-weighted portfolio of up to 100 companies classified as a technology or telecommunications company under the Industry Classification Benchmark. TDIV limits its portfolio to US-listed stocks that pay dividends: Two filters that significantly narrow the global technology universe, causing it to exclude certain segment giants. Its international exposure comes mostly from ADRs. The companies included are first weighted according to their dividend yield relative to other securities within the index, then adjusted accordingly so that tech companies occupy up to 80% of the index, while the telecom companies occupy only 20%. It meets its mandate with the highest dividend yield in the segment, but its approach doesn't necessarily mean that it will outperform our benchmark on a risk-adjusted basis. Rebalancing occurs quarterly while reconstitution occurs semi-annually.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Communications
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.