Invesco Aerospace & Defense ETF (PPA)

Invesco Aerospace & Defense ETF is trading at $182.28, down 0.49% on the session. The 50 day average sits at $175.52 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 64.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $170.18 with resistance near $185.68, so that band frames the current range. Average daily movement is roughly $3.20, or about 1.8% of the share price, which is what any stop placement has to allow for. The overall health score of 72 out of 100 combines a trend score of 72, momentum of 84 and a risk score of 55.

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.