Home Most Popular A Downturn Unveiled: FTSM Slips Below Crucial Moving Average

A Downturn Unveiled: FTSM Slips Below Crucial Moving Average

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A Downturn Unveiled: FTSM Slips Below Crucial Moving Average

Market Movement: FTSM Slides Beneath 200-Day Moving Average

Thursday’s trading session witnessed a significant event as the First Trust Enhanced Short Maturity ETF, with the symbol FTSM, dipped below its critical 200-day moving average of $59.64. The shares were seen changing hands at a low of $59.61 per share, marking a downtrend. Currently, the First Trust Enhanced Short Maturity shares are experiencing a 0.4% decline on the day. Reflecting on the performance over the past year, the chart illustrates the movement of FTSM shares relative to its 200-day moving average.

First Trust Enhanced Short Maturity 200 Day Moving Average Chart

Insight into FTSM’s Performance

Examining the chart showcases FTSM’s journey within its 52-week range. The lowest point in the range stands at $59.40 per share, while the highest point soars to $59.94. In the most recent trade, FTSM closed at $59.62, reinforcing the breach below the key moving average level.

Curious about other ETFs making similar movements? Explore here to discover nine additional ETFs that recently slipped below their 200-day moving averages.

Further Resources:

  • Stock Split History
  • FXCH Historical Stock Prices
  • Institutional Holders of RCPI

Please note: The opinions expressed in this article are solely those of the author and may not necessarily represent the views of Nasdaq, Inc.