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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Post by Aei773ouon Oct 16, 2017 1:36pm
229 Views
Post# 26817441

This run is not on technicals

This run is not on technicalsA knowledgeable Chart guy would know if the stock runs on technical he would know and have a target price. I don’t see any one can predict a top yet. It is in fact a bit of catch up and a bit of speculating on a buy out in the intermediate term. 

The momentum is strong right now but it is possible to turn around any time too. There is no obvious resistance and support levels to call. The best scenario is for the price to get a breather and stay at the current level. Then regroup and carry on with another leg up. 
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