The stock of First Trust AlphaDEX US Financial Sector Index ETF (TSE:FHF) reached all time high today, Nov, 15 and still has $47.37 target or 92.00% above today’s $24.67 share price. This indicates more upside for the $2.41M company. This technical setup was reported by Barchart.com. If the $47.37 PT is reached, the company will be worth $2.22M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. 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 Economistâ€”Not a Stock Picker” with publication date: October 03, 2016 was also an interesting one.
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