Time to Reconsider First Trust AlphaDEX US Financial Sector Index ETF After Reaching 52-Week High?

 Time to Reconsider First Trust AlphaDEX US Financial Sector Index ETF After Reaching 52 Week High?

The stock of First Trust AlphaDEX US Financial Sector Index ETF (TSE:FHF) hit a new 52-week high and has $55.01 target or 123.00% above today’s $24.67 share price. The 7 months bullish chart indicates low risk for the $2.41 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $55.01 price target is reached, the company will be worth $2.96M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,800 shares traded hands or 19275.00% up from the average. First Trust AlphaDEX US Financial Sector Index ETF (TSE:FHF) has risen 13.41% since April 11, 2016 and is uptrending. It has outperformed by 9.48% the S&P500.

More recent First Trust AlphaDEX US Financial Sector Index ETF (TSE:FHF) news were published by: Nasdaq.com which released: “ETF Asset Flow in Election Week” on November 15, 2016. Also Businesswire.com published the news titled: “First Trust Launches Seven ETFs Based on Nasdaq US Smart Sector IndexesSM” on September 21, 2016. Etftrends.com‘s news article titled: “ETFs: Invest Like an Economist—Not a Stock Picker” with publication date: October 03, 2016 was also an interesting one.

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