Could First Trust Nasdaq Oil & Gas ETF (FTXN) Decrease Even More? The Stock Formed Double Bottom

September 17, 2017 - By Adrian Mccoy

The chart of First Trust Nasdaq Oil & Gas ETF (FTXN) shows a double bottom with $16.52 target or 9.00 % below today’s $18.15 share price. The 7 months chart pattern indicates high risk for the $2.72M company. It was reported on Sep, 17 by Finviz.com. If the $16.52 price target is reached, the company will be worth $244,800 less. Double bottoms are rare but powerful chart patterns.

The ETF increased 0.33% or $0.06 on September 15, reaching $18.15. About 110 shares traded. First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) news were published by: Finance.Yahoo.com which released: “First Trust Advisors LP Announces Distributions for Exchange-Traded Funds” on December 20, 2016, also Nasdaq.com with their article: “PSX Makes Notable Cross Below Critical Moving Average” published on August 17, 2017, Nasdaq.com published: “PSX Ex-Dividend Reminder – 8/16/17” on August 14, 2017. More interesting news about First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) were released by: Etfdailynews.com and their article: “The Best Sector ETFs To Own This Earnings Season (QTEC)” published on July 13, 2017 as well as Benzinga.com‘s news article titled: “First Trust Gets Smart With New Sector ETFs” with publication date: September 26, 2016.

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