MILN: Double TopDouble Top
Pros:
Descending volume during formation
PPS below 50MA
R/R ratio above 6
RS descending but still above 0
ATR flat
Cons:
250RSI above 50
200MA ascending
PPS above 200MA
If confirmed:
PT = 25,43$
Key stats
About Global X Millennial Consumer ETF
Expense ratio
0.50%
Home page
Inception date
May 4, 2016
MILN invests in companies that are determined to have significant exposure with the millennial generation's spending habits. The index uses a proprietary fundamental research process to determine which spending categories are relevant to millennials. These categories include clothing, entertainment, travel, food, education, financial services, housing, and health. The portfolio will have a maximum of 15 stocks, a minimum of five are selected for each spending category. US companies with relevant exposure to these categories are scored by the level of their exposure. Firms determined to have significant exposure to the stated spending categories are then scored by a proprietary scale that determines which companies have a higher focus on millennials. These selected companies are weighted by market cap, with a maximum of 3% and a minimum of .3% for any given holding. The index undergoes annual reconstitution and rebalance.
Classification
What's in the fund
Exposure type
Retail Trade
Technology Services
Consumer Services
Finance
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.