FXU Stock Tickeron detected bullish ETF Pattern: Wedge Falling on June 12, 2024

A.I.dvisor
at Tickeron.com
06/15/24
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Wedge Falling
FXU - First Trust Utilities AlphaDEX® ETF
Emerged: 06/12/24
Breakout: $33.98
Price: $33.66
Target price: $34.96
A.I.dvisor detected a bullish Wedge Falling pattern for FXU stock. This pattern was detected on June 12, 2024 . The odds of reaching the target price are 6. The Falling Wedge pattern forms when the price of a security appears to be spiraling downward, and two down-sloping lines are created with the price hitting lower lows (1, 3, 5) and lower highs (2, 4). Consider buying a security or call option. The confirmation move is when the price breaks out of the last high touching the top line.
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General Information

Category Utilities

Profile
Fundamentals
Details
Category
Utilities
Address
First Trust Exchange-Traded Alphadex Fd120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
www.ftportfolios.com