First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: April 29, 2026

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.

So far in Q2, the First Trust Emerging Markets AlphaDEX Fund ([FEM]) has gained over 8% and shown positive technical developments in April.

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

As the broader equity space, both internationally and domestic, has rallied, emerging markets have kept pace with some of the top performing domestic indices. So far in Q2, the First Trust Emerging Markets AlphaDEX Fund (FEM) has gained over 8% and shown positive technical developments in April.

FEM maintains a strong fund score of 5.65, which is higher than the average score for a fund within the Emerging Market Equity (4.92) and All Global & International Diversified (4.10) groups. On its trend chart, FEM has maintained a positive trend since May 2025 and returned to a buy signal by breaking a double top at $32 earlier in April before seeing shares pushed to new all-time highs at $33. From a relative strength standpoint, FEM gave an RS buy signal in February of this year after having been on an RS sell signal since June of 2018, highlighting the long-term positive RS the fund has shown against U.S. equities.

While action this week has seen the fund pullback slightly, the trend chart continues to maintain its current column of Xs. The fund is actionable in its current chart position as well as on a pullback on the chart into Os to the $31 range. Initial support lies $29, while additional support resides at $26.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. First Trust has arranged with Dorsey, Wright to provide this specialized ETF page on the First Trust ETFs. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included therein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including First Trust ETF shares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither First Trust nor Dorsey Wright through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations and rules, including NASD Rules 2090 and 2111 (Know Your Customer). The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or First Trust. If you are not familiar with Point & Figure methodology, we suggest you read “Point & Figure Charting, 4th Edition” by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the First Trust ETF product, or Exchange Traded Funds (ETFs), we suggest you visit www.ftportfolios.com.