ARK Innovation ETF
Investment Thesis
ARKK reclaimed its 50-day MA ($70.92) on April 13 after a brutal ~25% drawdown from February highs, with MACD histogram turning positive for the first time since the decline. A tactical bounce toward the 200-day MA ($77.43) looks probable, though the death cross overhead keeps this a trade — not a trend reversal call.
Catalysts to Watch
ARKK closed at $71.96 on April 13, crossing back above its 50-day SMA ($70.92) after bottoming at $62.94 on March 30; MACD histogram turned positive (+0.51), signaling a shift in short-term momentum
Why It May Work
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Timeline
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