Current Price
Open: $240.57
Day Range: $240.55 - $243.04
Volume: 28.4M
Trading Levels
Entry (Breakout): $231.46
Take Profit Target: $241.02
Stop Loss: $212.34
Box Height: $19.12
Box Type: 9MA
Squeeze: VERY WIDE SQUEEZE
Key Statistics
Market Cap: $68.2B
P/E Ratio: 18.66
Dividend Yield: 1.06%
52W Low: $171.73
52W High: $247.18
Avg Volume: 36.5M
Price Chart (Last 6 Months)
Company Profile
Sector
Technology
Industry
Technology
Business Summary
The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
Trading Strategy
Entry Signal: This stock is showing a 9MA breakout pattern. Consider entering a long position if price breaks above $231.46with volume confirmation.
Take Profit: Target price is $241.02, which is the breakout level plus the box height ($19.12).
Stop Loss: Place stop loss below $212.34to limit downside risk.
Risk/Reward: Box height of $19.12 provides favorable risk/reward when combined with proper position sizing.