iShares U.S. Medical Devices ETF (IHI)

iShares U.S. Medical Devices ETF is trading at $54.92, up 0.09% on the session. The 50 day average sits at $53.20 and the 200 day at $53.90, which puts the stock in a downtrend. RSI is at 65, which reads as strong, and MACD is bullish crossover. Volume is above average.

The nearest support is around $51.66 with resistance near $55.77, so that band frames the current range. Average daily movement is roughly $0.90, or about 1.6% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 51, momentum of 80 and a risk score of 86.

The fund seeks to track the investment results of the Dow Jones U.S. Select Medical Equipment Index, which measures the performance of the medical equipment sector of the U.S. equity market, as defined by S&P Dow Jones Indices LLC. The index includes medical equipment companies, including manufacturers and distributors of medical devices such as magnetic resonance imaging scanners, prosthetics, pacemakers, X-ray machines, and other non-disposable medical devices. The fund is non-diversified.