Fidelity Covington Trust - Enhanced Large Cap Core ETF Price & Performance (FELC)

The stock of Fidelity Covington Trust Enhanced Large Cap Core (FELC) is under scrutiny as it approaches a resistance level of $32.74. Analysts suggest shorting near this level, with a target of $31.16, while maintaining a stop-loss at $32.83. A breakout above $32.74 could trigger a buy signal.1

FELC is catching attention for its potential upside if it breaks above $32.74. A successful breakout could lead to a target price of $34.05, with a stop-loss set at $32.66. The stock is rated strong for long-term prospects, but its near and mid-term ratings remain weak.1

FELC's technical analysis suggests caution as it lacks clear support levels. Analysts warn against buying during declines, likening it to "catching a falling knife." Resistance at $32.74 remains a critical focus, with traders advised to wait for a clear upward turn before committing to positions.1