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Featured MNV Articles:
| Shares of FTC Now OversoldBy Dividend Channel Staff, Thursday, April 18, 4:08 PM ET
In trading on Thursday, shares of the First Trust Large Cap Growth AlphaDEX Fund ETF (NASDAQ:FTC) entered into oversold territory, changing hands as low as $114.99 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of First Trust Large Cap Growth AlphaDEX Fund, the RSI reading has hit 29.95 — by comparison, the RSI reading for the S&P 500 is currently 34.0. A bullish investor could look at FTC's 29.95 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), FTC's low point in its 52 week range is $90.82 per share, with $123.9567 as the 52 week high point — that compares with a last trade of $115.07. First Trust Large Cap Growth AlphaDEX Fund shares are currently trading down about 0.6% on the day.
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