Industry Group ETFs Getting Overbought
Monday, March 8, 2010 at 03:33PM Below we highlight some stats for industry group ETFs from our daily ETF Trends report over at Bespoke Premium. The ETFs are sorted by how overbought or oversold they are. For this analysis, an ETF becomes overbought when it is at least one standard deviation above its 50-day moving average (and vice-versa for oversold). The financial insurance ETF (KIE) is currently the most overbought of the ETFs listed below. It is overbought by 4.48% (4.48% higher than one standard deviation above its 50-DMA). The food & beverage ETF (PBJ) is the second-most overbought at 3.97%, followed by homebuilders (XHB), medical equipment (IHI), consumer services (IYC), and real estate (IYR). None of the industry group ETFs we track are currently in oversold territory.
Along with this info, we include a Bespoke Trend and Bespoke Timing score for each ETF on a daily basis. If you're looking for daily price-trend info on a large number of ETFs across asset classes, our ETF Trends report at Bespoke Premium can help. Click here to learn more or subscribe.
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