Invesco Aerospace & Defense ETF (PPA)

Invesco Aerospace & Defense ETF is trading at $167.46, down 1.50% on the session. The 50 day average sits at $175.81 and the 200 day at $170.17, which puts the stock in a uptrend. RSI is at 36.4, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $169.09 with resistance near $178.91, so that band frames the current range. Average daily movement is roughly $2.91, or about 1.7% of the share price, which is what any stop placement has to allow for. The overall health score of 49 out of 100 combines a trend score of 53, momentum of 31 and a risk score of 67.

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.