iShares U.S. Aerospace & Defense ETF (ITA)

iShares U.S. Aerospace & Defense ETF is trading at $247.21, down 1.96% on the session. The 50 day average sits at $239.78 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 64, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $232.32 with resistance near $256.60, so that band frames the current range. Average daily movement is roughly $4.77, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 74 out of 100 combines a trend score of 72, momentum of 84 and a risk score of 65.

The index measures the performance of the aerospace and defense sector of the U.S. equity market, as defined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.