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If Oil’s Heading to $100 a Barrel, PXI Could Be Powerful

By: ETF Trends

October 04, 2021 at 13:00 PM EDT

Last Friday, the Invesco DWA Energy Momentum ETF (PXI) jumped 3% on volume that was above the daily average, extending its year-to-date gain to a stellar 81.13%. All the Invesco exchange traded fund did last week was soar 10.17%. Those statistics might imply that upside is limited from here for...

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If Oil’s Heading to $100 a Barrel, PXI Could Be Powerful