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Monday
Jun072010

Most Oversold Key ETFs

DateMonday, June 7, 2010 at 03:20PM

On April 6th, we highlighted that twelve of the 200 or so key ETFs we track were trading more than 10% above their 50-day moving averages, which is a large number relative to normal readings.  At the moment, 50 of the key ETFs we track (roughly 25%) are more than 10% below their 50-days!  If twelve is a lot on the overbought side, what is 50 on the oversold side?  Spain (EWP) is the most oversold at -20.25% below its 50-day, followed by Austria (EWO), Oil & Gas stocks (OIH), Base Metals (DBB), and Italy (EWI).

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Reader Comments (1)

hey, take a look at the IWM, the Russell's ETF...
http://www.matog.com/images/613IWM_daily.png
"Russell" rhymes with "Sell"

June 8, 2010 | Unregistered CommenterTony Montana

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