Fidelity Covington Trust - Enhanced Large Cap Growth ETF Price & Performance (FELG)

Fidelity Covington Trust Enhanced Large Cap Growth (FELG) is showing resistance at $34.18. Analysts suggest shorting near this level, targeting $31.81, with a stop-loss at $34.28. Conversely, a break above $34.18 could signal an upside to $36.11. Monitoring resistance levels remains critical for traders.1

Fidelity Covington Trust Enhanced Large Cap Core (FELC) encounters resistance at $32.74. Technical data advises shorting near this point with a target of $31.16 and a stop-loss at $32.83. A breakout above $32.74 could lead to gains up to $34.05. Traders should evaluate these levels closely.2

Both FELG and FELC stocks are testing critical resistance points, $34.18 and $32.74 respectively. Short positions are suggested near resistance, while breakouts could signal upward trends. Stop-loss levels are set to mitigate risks. These technical indicators are vital for informed trading decisions.12