ARKK Set for a Breakout? Why Cathie Woods Fund Could Shine in the 2024 Bull Market

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ARK Innovation ETF News

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Stocks Analysis by Michele Schneider covering: ARK Innovation ETF. Read Michele Schneider's latest article on Investing.com

fund over 2 years and a lot of sideways price action, could now be a potential player.And while we are still not wowed by the overwhelming underperformance, we do think the fund is worth a look as it takes out the April 2024 highs.And even more significant potentially, is that today, ARKK cleared the July 6-month calendar range high .

The last time ARKK cleared a 6-month calendar range high was in April, when for 2 whole days, it traded above the January range high.That is really where the fun begins and where we will get interested in investing.With that said, ARKK is looking parabolic in everything-momentum, price leadership and price. The July 6-month calendar range is in the rear view mirror.Scan QR code to install app

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