Technical Analysis: Spear Alpha ETF Consolidation Signals Next Break Ahead Of Top Holdings’ Quarterly Earnings

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Benzinga

Spear Alpha ETF (NASDAQ: SPRX) was trading flat on Tuesday, continuing to trade sideways within a tight range between about $22 and $22.90 on decreasing volume. The actively managed fund provides exposure to various stocks falling under the themes of enterprise digitalization, automation and robotics, artificial intelligence (AI), environmental focus and decarbonization, photonics and additive manufacturing and space exploration. While SPRX has been trading horizontally, several of its holdings are set to print quarterly financial results over the coming weeks, which could break the ETF from t…

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