FXG Makes Notable Cross Below Critical Moving Average

First Trust Consumer Staples AlphaDEX Fund ETF (FXG) fell below its 200-day moving average of $63.74, trading as low as $63.45 per share. The move is a modest technical negative and suggests short-term bearish momentum, with shares down about 1% on the session.

Analysis

First Trust Consumer Staples AlphaDEX Fund ETF (FXG) fell below its 200-day moving average of $63.74, trading as low as $63.45 per share. The move is a modest technical negative and suggests short-term bearish momentum, with shares down about 1% on the session.