Is This Stock a Screaming Buy: First Trust Energy Income and Growth Fund (:FEN)

Equity Research firms currently have a positive stance on shares of First Trust Energy Income and Growth Fund (:FEN). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $35.00 on a short term basis.

At the time of writing, the stock was trading at $26.21. This represents a change from the opening price of -0.13%. In terms of performance, year to date, the stock is 23.22%. The monthly stock performance comes in at -0.15%. For the quarter, shares are performing at 6.24%. Weekly performance analysis shows the equity at -2.42%.

In taking a look at technical levels, shares are trading 1.62% away from the 50 day simple moving average and 13.69% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -3.83% away from it’s 52- week high and 80.83% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, First Trust Energy Income and Growth Fund’s RSI stands at 52.19. In looking at volatility levels, the shares saw weekly volatility of 2.10% and 1.91% over the past month.

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