Russell 2000 showing strong upside after W breakout to 1,973

W Formation formed on Russell 2000.

I missed the boat on this one. There are just so many markets so little time to focus on.

It had the perfect buy setup with all the criteria.

Anyways, those that got in, there is more upside to come.

7>21
Price>200
RSI>50

Target 1,973

ABOUT THE RUSSELL 2000

The Russell 2000 is a stock market index that measures the performance of approximately 2,000 small-cap stocks in the United States.

It was created by the Frank Russell Company in 1984 and is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

The Russell 2000 is widely considered a benchmark for small-cap stocks and is used by investors to gauge the overall health and performance of the broader small-cap segment of the U.S. stock market.

The Russell 2000 has a diverse range of constituents, covering various sectors such as technology, healthcare, finance, consumer goods, and industrials.

The Russell 2000 is often used as a benchmark for mutual funds and exchange-traded funds (ETFs) that focus on small-cap stocks.

CRITERIA TO GET INTO RUSSELL 2000

To be eligible for inclusion in the Russell 2000 index, stocks need to meet certain criteria set by FTSE Russell.

Market Capitalization:
The primary requirement is that a company must have a market capitalization within the defined range for small-cap stocks.

I'm not sure what this is set to at the moment. But I imagine it's smaller than the large cap stocks :P Somewhere around within the range of a few hundred million dollars to a couple of billion dollars. This is out of my knowledge point as I'm a South African :)

FTSE Russell determines the specific range annually during the reconstitution process.

U.S. Listing:
Stocks considered for inclusion in the Russell 2000 must be listed on a U.S. exchange, such as the New York Stock Exchange (NYSE) or NASDAQ.

Share Price:
Stocks need to meet a minimum share price requirement to be eligible for the Russell 2000.

The specific threshold is determined by FTSE Russell.

Also not sure but I believe it's typically in the range of a few dollars to tens of dollars (can we say that?).

If you know more information please let me know as I'm a South African and not really sure about criteria with US stock exchanges and markets. Sorry. Regardless, it looks like it's going to continue up!