First Trust Energy Income & Growth Fund (FEN) Stock: What Does the Chart Say Wednesday?

First Trust Energy Income & Growth Fund (FEN) stock is up 5.90% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

First Trust Energy Income & Growth Fund has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on FEN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FEN Stock Today?

First Trust Energy Income & Growth Fund (FEN) stock is trading at $14.55 as of 1:18 PM on Wednesday, Oct 13, a rise of $0.07, or 0.45% from the previous closing price of $14.48. Volume today is high. So far 86,962 shares have traded compared to average volume of 54,511 shares. The stock has traded between $14.37 and $14.65 so far today.

More About First Trust Energy Income & Growth Fund

The Funds investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund will focus on investing in publicly traded master limited partnerships (MLP) and related public entities in the energy sector. Under normal market conditions, the fund will invest at least 85% of its managed assets in securities of energy companies, and energy sector MLPs and MLP related entities. The fund may invest in unregistered or otherwise restricted securities consisting of MLP common units, MLP subordinated units and securities of public and private energy companies. Click Here to get the full Stock Report for First Trust Energy Income & Growth Fund stock.