Invesco Preferred ETF (PGX)

Invesco Preferred ETF is trading at $9.95, down 0.60% on the session. The 50 day average sits at $10.46 and the 200 day at $10.95, which puts the stock in a downtrend. RSI is at 27.9, which reads as oversold, and MACD is bearish crossover. Volume is below average.

The nearest support is around $9.95 with resistance near $10.24, so that band frames the current range. Average daily movement is roughly $0.08, or about 0.8% of the share price, which is what any stop placement has to allow for. The overall health score of 38 out of 100 combines a trend score of 3, momentum of 37 and a risk score of 96.

The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC selects securities for the index, which is a market capitalization-weighted index designed to measure the performance of the fixed rate U.S. dollar-denominated preferred securities market issued in the U.S. domestic market.