Guggenheim ETF Candle Over Candle On Rising Large Players Volume

The Guggenheim ETF mid cap has formed a candle over candle reversal on rising large players volume. The Guggenheim mid cap ETF tracks the Zacks Mid-Cap Core Index. The Zacks Mid-Cap Core Index includes the Russell Midcap Index, the S&P MidCap 400 Index, and more mid-capitalization securities, including master limited partnerships (“MLPs”) and American depositary receipts (ADRs”).

Guggenheim ETF Mid-Cap Holdings

Top 20 holdings as of 8/30/17:

Ticker Security Name
COL ROCKWELL COLLINS INC
ROK ROCKWELL AUTOMATION INC
A AGILENT TECHNOLOGIES INC
CCE COCA-COLA EUROPEAN PARTNERS
DTE DTE ENERGY COMPANY
ES EVERSOURCE ENERGY
HIG HARTFORD FINANCIAL SVCS GRP
MHK MOHAWK INDUSTRIES INC
BXP BOSTON PROPERTIES INC
KEY KEYCORP
PFG PRINCIPAL FINANCIAL GROUP
VNO VORNADO REALTY TRUST
IBKR INTERACTIVE BROKERS GRO-CL A
BAP CREDICORP LTD
CNC CENTENE CORP
MMP MAGELLAN MIDSTREAM PARTNERS
AGR AVANGRID INC
FTS FORTIS INC
AWK AMERICAN WATER WORKS CO INC

Guggenheim ETF Mid-Cap Chart

Guggenheim ETF

CZA shows a good Symmetrical Triangle setup pattern. The Effective Volume study shows that large players volume has been rising rapidly over the last several days and the positive Twiggs Money Flow supports the bullish candle over candle reversal. I found this stock using the GST Positive Divergence screener I set up for you under the Shared Screens tab on Chartmill here.

There is reduced volatility while prices have been consolidating in the most recent period which has created a Momentum Squeeze:

There is a resistance zone just above the current price starting at $61.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at $61.22, a stop order could be placed below this zone.

CZA is in a continuation pattern on the chart. I did a stock trading lesson on the continuation pattern here. Please remember that I am a swing trader and so every stock I profile on GuerillaStockTrading.com is a get in and get out quick swing trade unless stated otherwise. Make sure you review the FAQ page about swing trading here.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
Follow me

Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.

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