AdvisorShares Pure US Cannabis ETF (MSOS)

AdvisorShares Pure US Cannabis ETF is trading at $3.94, down 3.43% on the session. The 50 day average sits at $4.70 and the 200 day at $4.47, which puts the stock in a uptrend. RSI is at 40.5, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $3.88 with resistance near $4.74, so that band frames the current range. Average daily movement is roughly $0.22, or about 5.7% of the share price, which is what any stop placement has to allow for. The overall health score of 33 out of 100 combines a trend score of 37, momentum of 20 and a risk score of 46.

The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business in the United States and in derivatives that have economic characteristics similar to such securities. It will concentrate at least 25% of its investments in the pharmaceuticals, biotechnology & life sciences industry group within the health care sector. The fund is non-diversified.