ARK Next Generation Internet ETF trades under the ticker ARKW, and closed at $143.66/share on 12/8/2020.
ARKW is an ETF that focuses on companies that are moving away from hardware & software, to focus more on running their platforms through the cloud & mobile, which is a fast growing industry.
ARKW ETF Price: $143.66
10 Day Moving-Average: $136.35
50 Day Moving-Average: $121.06
200 Day Moving-Average: $90.57
RSI: 78
ARKW’s RSI is pushing the range of overbought (80), and their MACD lines are beginning to come closer together, with the 10 Day Moving-Average being 5% below their price per share.
This signals that a quick profit may be made by owning the common shares, but traders need to be mindful of how fast that gap closes, in addition to the 50 Day Moving-Average, which is currently 16% less than the share price & 11% below the 10 Day Moving-Average.
As those numbers close, the trend is going to likely reverse, unless the overall market conditions manage to propel it higher.
ARKW ETF has options, with the $145 calls being at-the-money (delta is 0.45), and the $140 calls being slightly in-the-money (delta 0.69) if you’re looking for some padding from any potential shakeups in the near-term to prevent decay.
ARKW puts look appealing from the $150 (delta -0.56) or $145 standpoint (delta -0.8), which can serve as a good hedge for any shifts in market sentiment.
*** I DO NOT OWN ANY SHARES OF ARKW ***