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Thursday
Jul052012

Key ETFs Above and Below 50-Day Moving Averages

Of the nearly 200 key ETFs across all asset classes that we track daily in our ETF Trends report over at Bespoke Premium, 83% are currently trading above their 50-day moving averages.  Below is a table showing the 30 that are currently the farthest above their 50-days.

As shown, natural gas (UNG) is the farthest above its 50-day at +13.25%.  Prior to a couple of months ago, UNG seemed permanently stuck in a downtrend below its 50-day, but it has been a consistent winner since then.  The agricultural ETF (DBA) had also been a perpetual loser for awhile, but it too has bounced significantly in recent weeks and is currently 8.84% above its 50-day.  Mexico (EWW) is the most overbought international market ETF at 6.18% above its 50-day.  Other notables on the list include homebuilders (XHB), India (INP), and various energy and smallcap ETFs.

There are 29 ETFs from our database that are currently below their 50-days.  The majority are commodity, currency and international stock ETFs.  Silver (DBS) is the farthest below its 50-day at -3.59%, followed by two oil ETFs (OIL, USO).

Looking to track the technical moves of key ETFs on a daily basis?  Become a Bespoke Premium member today and access our ETF Trends report.

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