US Sector ETFs Tracking (2/13) | WCLD Has Recently Hit a Technical Buy Signal

Mooers Radar wrote a column · Feb 14, 2023 00:40

$Wisdomtree Cloud Computing Fund (WCLD.US)$ tracks the BVP Nasdaq Emerging Cloud Index primarily focused on cloud software, with stocks equal weighted in the index. The strategy includes firms in its index should those firms must have a revenue growth rate of at least 15% for the last two full fiscal years for new constituents or a growth rate of at least 7% in at least one of the last two fiscal years for existing constituents.

According to Friday's data, The equal-weight cloud computing ETF sat at $31.2, well above its 200-Day Simple Moving Average (SMA) of $28.5 and even further above $25.8, its 50-Day SMA. Should it keep its momentum, it may also push into golden crossover territory – a vindication of investor interest in the space.

1) Normalized performances in a month. (20 selected ETFs)