Market Overview

Trading Higher on Heavy Volume are Shares of First Trust Materials AlphaDEX Fund on 1x Above-Average Volume (FXZ)

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(via COMTEX News Network)--

Shares of First Trust Materials AlphaDEX Fund (NYSE: FXZ) are trading up 0.3% to $24.74 today on above average volume. Approximately 221,000 shares have traded hands today vs. average 30-day volume of 211,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of FXZ to see if this bullish momentum will continue.

SmarTrend currently has shares of First Trust Materials AlphaDEX Fund in an Uptrend and issued the Uptrend alert on October 08, 2010 at $21.38. The stock has risen 15.4% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.18% while the 200-day MA has risen 0.4%.

In the past 52 weeks, shares of First Trust Materials AlphaDEX Fund have traded between a low of $12.00 and a high of $26.11 and are now at $24.75, which is 106% above that low price.

Write to Chip Brian at cbrian@tradethetrend.com

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