Invesco S&P 500 Momentum ETF (SPMO)

Invesco S&P 500 Momentum ETF is trading at $152.00, down 2.02% on the session. The 50 day average sits at $150.57 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 57.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $151.34 with resistance near $155.14, so that band frames the current range. Average daily movement is roughly $4.05, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 52, momentum of 80 and a risk score of 85.

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of approximately 100 stocks in the S&P 500® Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance; a "momentum style" of investing emphasizes investing in securities that have had better recent performance compared to other securities. It is non-diversified.