PRN Stock Summary and Trading Ideas (Invesco Dwa Industrials Momentum ETF | NASDAQ:PRN)

The Invesco DWA Industrials Momentum ETF (Fund) is based on the Dorsey Wright Industrials Technical Leaders Index (DWA Industrials Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Dwa Industrials Momentum ETF trades on the NASDAQ stock market under the symbol PRN.

As of April 24, 2024, PRN stock price declined to $134.28 with 8,620 million shares trading.

PRN has a market cap of $224.25 million. This is considered a Small Cap stock.

In the last 3 years, PRN stock traded as high as $142.46 and as low as $78.72.

PRN has outperformed the market in the last year with a return of +43.4%, while the SPY ETF gained +24.1%. In the last 3 month period, PRN beat the market returning +15.0%, while SPY returned +4.5%. However, in the most recent 2 weeks PRN has underperformed the stock market by returning -1.8%, while SPY returned -1.7%.

PRN support price is $132.47 and resistance is $137.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRN stock will trade within this expected range on the day.