PTH Stock Summary and Trading Ideas (Invesco Dwa Healthcare Momentum ETF | NASDAQ:PTH)

The Invesco DWA Healthcare Momentum ETF (Fund) is based on the Dorsey Wright Healthcare Technical Leaders Index (DWA Healthcare 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 Healthcare Momentum ETF trades on the NASDAQ stock market under the symbol PTH.

As of May 6, 2024, PTH stock price declined to $42.04 with 4,284 million shares trading.

PTH has a beta of 1.44, meaning it tends to be more sensitive to market movements. PTH has a correlation of 0.45 to the broad based SPY ETF.

PTH has a market cap of $142.10 million. This is considered a Micro Cap stock.

In the last 3 years, PTH stock traded as high as $58.62 and as low as $29.08.

PTH has underperformed the market in the last year with a return of +4.2%, while the SPY ETF gained +27.8%. In the last 3 month period, PTH fell short of the market, returning +3.7%, while SPY returned +4.5%. However, in the most recent 2 weeks PTH has outperformed the stock market by returning +7.9%, while SPY returned +4.0%.

PTH support price is $41.32 and resistance is $42.78 (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 PTH stock will trade within this expected range on the day.