First Trust Large Cap Value ETF Shows Oversold Signals in Trading

In trading on Thursday, shares of the First Trust Large Cap Value AlphaDEX Fund ETF (Symbol: FTA) entered oversold territory, reaching a low of $74.1025 per share. The Relative Strength Index (RSI) identifies oversold conditions when readings drop below 30, indicating potential price exhaustion.

For the First Trust Large Cap Value AlphaDEX Fund, the RSI reading stands at 29.7. In comparison, the S&P 500’s current RSI is 28.4. This lower RSI suggests recent heavy selling, which could inspire bullish investors to seek buying opportunities as the market recuperates.

Analyzing FTA’s one-year performance, the ETF’s 52-week low is $72.16 per share, while the high is $83.93. The latest trading price was recorded at $74.26, marking a decline of approximately 0.7% for the day.

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