Though this ETF has commenced trading since May 2013, i only came across it today
A standard chart that is used to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. This type of momentum fund is considered a reliable proxy for the general stock market trend.
3 levels of support to watch out:
a. the uptrend line support around 62.5
b. 200ema price support around 61.6
c. psychological round figure support 60.0
A standard chart that is used to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. This type of momentum fund is considered a reliable proxy for the general stock market trend.
3 levels of support to watch out:
a. the uptrend line support around 62.5
b. 200ema price support around 61.6
c. psychological round figure support 60.0