First Trust SSI Strategic Convertible Securities ETF Price & Performance (FCVT)

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is drawing investor attention as it approaches critical resistance levels. For swing traders, resistance at $37.37 offers a potential buy signal if broken, targeting $37.79. However, should resistance hold, shorting near $37.37 with a target of $36.47 may be prudent.1

The technical outlook for FCVT suggests weak near-term performance, with resistance at $35.71 being closely monitored. A break above this level could signal a rise to $36.38, while failure to surpass it might lead to a decline toward $35.03. The ETF’s long-term ratings remain strong despite short-term challenges.2

Swing trading strategies for FCVT highlight a narrow range between $35.71 and $36.38. A breakout above $35.71 could provide a buying opportunity, while a rejection at this level may prompt short positions targeting $35.03. Traders are advised to employ tight stop-loss levels to mitigate risks.2