First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: June 23, 2021

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

The First Trust NASDAQ Cybersecurity ETF (CIBR) rallied above $47 to achieve a new all-time high.

There were no changes to any of the First Trust Models this week.

With Tuesday’s action, the First Trust NASDAQ Cybersecurity ETF CIBR rallied above $47 to achieve a new all-time high and rally above resistance that dates to February of this year. The tracking index for CIBR seeks to invest in the cybersecurity segment of the broader technology and industrials sector. The chart has been in a column of X’s since mid-May and has added 6.00% during the month of June (5/28/2021 to 6/22/2021), which is much of the ETF’s gain on a year-to-date basis at 6.26%. Overall, CIBR possesses a fund score of 4.38 and a score direction of 1.69, which speaks to the fund’s recent improvement. Additionally, CIBR’s fund score is higher than that of the average score for funds within the Technology-Communications space at 4.09. Okay to consider CIBR on a pullback to $45.50 from this recent high, as the fund is entering overbought territory. Initial support lies in the $41 to $41.50 range, while the bullish support line would be violated with a move to $39.50.

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