Nasdaq Dorsey Wright

Weekly Feature

Published: September 29, 2025

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

With no changes to any of the Invesco models, we take a look at the Invesco Water Resources ETF (PHO).

There are no changes to any of the Invesco models this week. In last month’s trading, the Invesco Water Resources ETF (PHO) reached a new all-time high when it broke a spread quadruple top at $73, taking out resistance that had been in place since November 2023. The fund has now pulled back to the middle of its trading band, just above support, offering an entry point for those interested in adding long exposure. The fund tracks an index composed of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries (Source: Invesco).

PHO shows a favorable 4.34 fund score and positive 1.14 score direction. The fund has shown long-term relative strength as it has been on a market RS buy signal since February 2024 and has been a holding in the Invesco Sector Seven Model (POWER7) for more than two years. On its default chart, PHO currently sits at $71, just above its most recent level of support at $69. Year-to-date (through 9/26) PHO has gained 8.42% on a price return basis.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. PowerShares has arranged with Dorsey, Wright to provide this specialized ETF Point & Figure Analysis page on PowerShares sponsored products. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included herein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither Dorsey, Wright nor PowerShares through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations, and rules including NASD Rules 2090 and 2111. The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or PowerShares. If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the PowerShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.powershares.com.