RSPU Crosses Below Key Moving Average Level

Invesco S&P 500 Equal Weight Utilities ETF (RSPU) fell below its 200-day moving average of $77.88, trading as low as $77.27 per share. The move signals a mild technical deterioration for the ETF, with shares down about 2% on the session. This is a market-technical item rather than a fundamental catalyst.

Analysis

Invesco S&P 500 Equal Weight Utilities ETF (RSPU) fell below its 200-day moving average of $77.88, trading as low as $77.27 per share. The move signals a mild technical deterioration for the ETF, with shares down about 2% on the session. This is a market-technical item rather than a fundamental catalyst.