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

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 85 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 53%

ARK Innovation ETF News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biotech Stocks About to Make a Seasonal Move Higher? Here's How to Spot a BreakoutStocks Analysis by Michele Schneider covering: S&P 500, iShares Biotechnology ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Long Bonds Struggle at Key Resistance - What It Means for Market's Risk AppetiteBonds Analysis by Michele Schneider covering: iShares iBoxx $ High Yield Corporate Bond ETF, iShares 20+ Year Treasury Bond ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »