Virtus Reaves Utilities ETF (UTES)

Virtus Reaves Utilities ETF is trading at $76.35, up 1.52% on the session. The 50 day average sits at $74.31 and the 200 day at $79.01, which puts the stock in a downtrend. RSI is at 58.4, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $75.13 with resistance near $77.57, so that band frames the current range. Average daily movement is roughly $1.48, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 27, momentum of 80 and a risk score of 67.

The fund invests not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies in the Utility Sector ("Utility Sector Companies"). The manager considers a company to be a "Utility Sector Company" if at least 50% of the company's assets or customers are committed to, or at least 50% of the company's revenues, gross income or profits derive from, the provision of products, services or equipment for the generation or distribution of electricity, gas or water. The fund is non-diversified.