MicroSectors FANG+ Index 2X Leveraged ETN (:FNGO) Dipping Lower Ahead of the Market Open

MicroSectors FANG+ Index 2X Leveraged ETN (:FNGO) shares have been recorded gapping down -3.28% between sessions as the stock currently sits at $123.00 before the bell.

Many investors pay close attention to historical price movements when analyzing stocks. They may also take a deeper look into which sectors have been the best performers over the same time frame. Everyone seems to have an opinion on which way the market will move in the near-term. With the stock market still moving higher, many stock picks may still look really good. Reviewing specific stocks in the portfolio may help scout out the ones that may only be higher because of overall market levels. Predicting the next market shift is usually near impossible. Having the right stocks in the portfolio can help ease the investor’s mind no matter what the next few months brings in terms of volatility.

HISTORICAL GROWTH

MicroSectors FANG+ Index 2X Leveraged ETN (:FNGO)’s performance this year to date is 141.68%.  The stock has performed 2.46% over the last seven days, 6.70% over the last thirty, and 55.29% over the last three months.  Over the last six months, MicroSectors FANG+ Index 2X Leveraged ETN’s stock has been 291.52% and 223.88% for the year.

SMA Watch
 MicroSectors FANG+ Index 2X Leveraged ETN’s 20-Day Simple Moving Average is -11.56%.  Extending back, their 50-Day Simple Moving Average is 0.86%, looking even further back, their 200-Day Simple Moving Average stands at 57.13%.  

Making money in the stock market can be challenging, but it is not impossible. Accomplished investors typically have a well-rounded understanding of how markets function. Many successful investors have learned to be patient, disciplined, and ready to jump on any opportunity that arises. Securing higher returns on investment dollars may take some extra time and effort for those who do not have a lengthy background in the stock market. Although there are many types of investments out there, investing in stocks has traditionally provided the highest potential for returns. To realize consistent returns, investors typically have to maintain a steadfast approach and be willing to adapt to changing market environments over time.  

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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