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Oil Stock ETFs See Reversal on Big Volume

Posted on May 22, 2008

Even with oil up nearly $5 yesterday, oil stocks sold off sharplytowards the end of the day. Below we highlight two leveraged energystock ETFs that saw their biggest one-day volumes ever yesterday on bigprice reversals. DUG is the Ultra (2X) Short Oil & Gas stock ETF,while DIG is the Ultra (2X) Long one. As shown, the inverse oil stockETF (DUG) was up yesterday while DIG was down. We put out a note to Premiummembers earlier highlighting that this is the first time since February2005 that energy stocks were down more than 1% while oil (thecommodity) was up more than 3% on the day. Does yes...

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etf , etfs , gas , oil