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The healthcare sector has had an impressive year, with stocks and exchange-traded funds (ETFs) in the industry posting gains.

PSCH rallies beyond $ 180 mark

The Invesco S&P SmallCap Health Care ETF has made decent gains over the past 12 months and could end the year trading above the $ 180 mark. It is a passively managed exchange-traded fund that has been in existence since 2010.

PSCH is sponsored by investment firm Invesco and currently manages over $ 480 million in assets, making it one of the mid-sized ETFs attempting to match the performance of the Healthcare – Large segment of the US market. Before fees and expenses, the fund seeks to match the performance of the S&P SmallCap 600 Capped Health Care Index.

This index measures the overall performance of common stocks in the healthcare sector. Over the past 12 months, PSCH has added more than 6% to its value, making it one of the mid-range players in the market. PSCH’s annual operating expenses are 0.29%, making it one of the cheapest products in the space.

PSCH could rally to $ 182

The PSCH / USD chart looks bullish thanks to the performance of the ETF over the past 24 hours. The fund’s technical indicators show that it is recovering from its recent slump. If the ETF manages to maintain its momentum, it may soon recover to the $ 182 level.

PSCH’s MACD line may soon cross the neutral zone. Source: FXEMPIRE

The MACD line is about to move into positive territory, indicating strong buying pressure from the market. The RSI of 57 also shows that the ETF may soon be heading into the overbought region. If the current rally can be sustained then PSCH could break through its first major resistance level at $ 182 in the next few hours.

In the event of a prolonged recovery, PSCH would likely recover its position above the psychological bar of $ 185 in the coming trading sessions.