Market Overview

Volume Spike Detected in Shares of First Trust Materials AlphaDEX Fund as They Move Lower on 1.9x Above-Average Volume (FXZ)

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(via COMTEX News Network)--

Shares of First Trust Materials AlphaDEX Fund (NYSE: FXZ) are trading down 3% to $20.68 today on above average volume. Approximately 827,000 shares have traded hands today vs. average 30-day volume of 290,000 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 bearish momentum will continue.

SmarTrend is monitoring the recent change of momentum in First Trust Materials AlphaDEX Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of First Trust Materials AlphaDEX Fund in search of a potential trend change.

In the last five trading sessions, the 50-day MA has fallen 0.65% while the 200-day MA has remained constant.

In the past 52 weeks, shares of First Trust Materials AlphaDEX Fund have traded between a low of $18.56 and a high of $26.11 and are now at $20.48, which is 10% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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