FXU Surpasses Key Technical Milestone

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On Wednesday, shares of the First Trust Utilities AlphaDEX Fund ETF (Symbol: FXU) fell to $44.70 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.3. An RSI below 30 indicates oversold conditions, whereas the S&P 500’s current RSI stands at 56.2.

Over the past year, FXU has experienced a low of $36.88 and a high of $47.735, with the latest trade at $44.90. Currently, the fund is trading down approximately 0.5% for the day.

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