Invesco DWA Basic Materials Momentum ETF Price & Performance (PYZ)

The Invesco DWA Basic Materials Momentum ETF (PYZ) is encountering resistance at $86.74. Analysts suggest shorting near this level with a target of $85.60, while a break above could trigger a buy signal targeting $87.41. Investors are advised to monitor these levels closely for trading opportunities.1

The PYZ ETF is showing technical weakness with resistance at $87. A short position is recommended slightly under this level, while a breakout could push prices higher. Day trading plans suggest potential gains if it surpasses $85.59, but caution is urged due to fluctuating support and resistance.2

Traders eyeing PYZ are advised to act cautiously as resistance levels define market moves. Shorting near $86.74 could yield returns if prices fall to $85.60, while a breakout above $86.74 signals potential gains to $87.41. These strategies emphasize the ETF's sensitivity to resistance zones.12