Key ETFs Furthest Above and Below 50-Day Moving Averages
Friday, November 6, 2009 at 06:17AM Below we highlight a list of the ETFs that are trading the furthest above and below their 50-day moving averages. As shown, the Internet group ETF (HHH) is the most overbought at +10.49%, followed by Brazil (EWZ), Emerging Market Latin America (GML), Oil (DBO), all of Latin America (ILF), and Gold (IAU, GLD). Other notables on the list of most overbought ETFs include China (GXC and FXI), Steel (SLX), Russia (RSX), and Silver (SLV).
The Natural Gas ETF (UNG) is trading the furthest below its 50-day moving average at -12.83%. The Banking group ETF (KBE) ranks 2nd at -6.82%, followed by Nanotech (PXN), Clean Energy (PBW), Microcaps (IWC), and the Insurance group (KIE).
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.
Reader Comments