State Street SPDR Bloomberg Convertible Securities ETF (CWB)

State Street SPDR Bloomberg Convertible Securities ETF is trading at $104.71, down 1.68% on the session. The 50 day average sits at $104.94 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.5, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $103.25 with resistance near $111.69, so that band frames the current range. Average daily movement is roughly $2.01, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 67 out of 100 combines a trend score of 52, momentum of 80 and a risk score of 71.

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock.