State Street SPDR Portfolio Corporate Bond ETF (SPBO)

State Street SPDR Portfolio Corporate Bond ETF is trading at $27.42, up 0.04% on the session. The 50 day average sits at $28.20 and the 200 day at $28.90, which puts the stock in a downtrend. RSI is at 23.2, which reads as oversold, and MACD is bearish crossover. Volume is average.

The nearest support is around $27.25 with resistance near $28.17, so that band frames the current range. Average daily movement is roughly $0.14, or about 0.5% of the share price, which is what any stop placement has to allow for. The overall health score of 37 out of 100 combines a trend score of 7, momentum of 38 and a risk score of 84.

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the investment grade corporate bond market.