Invesco Aerospace & Defense ETF (PPA)

Invesco Aerospace & Defense ETF is trading at $152.36, down 1.40% on the session. The 50 day average sits at $163.86 and the 200 day at $171.20, which puts the stock in a downtrend. RSI is at 40.9, which reads as weak, and MACD is bullish crossover. Volume is average.

The nearest support is around $154.20 with resistance near $155.67, so that band frames the current range. Average daily movement is roughly $2.41, or about 1.6% of the share price, which is what any stop placement has to allow for. The overall health score of 41 out of 100 combines a trend score of 3, momentum of 53 and a risk score of 84.

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified.