Invesco S&P 500 Momentum ETF (SPMO)

Invesco S&P 500 Momentum ETF is trading at $136.27, down 4.30% on the session. The 50 day average sits at $148.09 and the 200 day at $137.55, which puts the stock in a uptrend. RSI is at 35.2, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $138.00 with resistance near $149.31, so that band frames the current range. Average daily movement is roughly $2.57, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 47 out of 100 combines a trend score of 37, momentum of 26 and a risk score of 92.

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.