First Trust Cloud Computing ETF (SKYY)

First Trust Cloud Computing ETF is trading at $161.50, down 0.46% on the session. The 50 day average sits at $140.28 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 73.8, which reads as overbought, and MACD is bullish crossover. Volume is average.

The nearest support is around $130.12 with resistance near $169.05, so that band frames the current range. Average daily movement is roughly $4.39, or about 2.7% 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 75, momentum of 78 and a risk score of 59.

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.