VGT “offers the greatest level of diversification to investors because it is comprised of 382 stocks and is one of the largest in terms of total net assets with $8.7 billion. According to the Vanguard website, this fund carries an expense ratio of 0.10%, which is 93% lower than the average expense ratio of funds with similar holdings,” according to Investopedia.
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Regarding Apple, investors have grown increasingly concerned over the company’s iPhone sales growth, especially with China experiencing an economic slowdown. Several ETFs, including VGT, sport double-digit weights to the stock.
VGT’s “close above the dotted trendline along with the nearby support from the 50-day and 200-day moving averages creates one of the best risk/reward scenarios in months. Active traders will also likely use the bullish crossover between the MACD and its signal line to act as confirmation of the breakout,” adds Investopedia.