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Overbought and Oversold ETFs (5/14/08)

Posted on May 14, 2008

Below we highlight the ETFs from our database that are currentlytrading the furthest above and below their 50-day moving averages. Asshown in the first table below, oil and oil stock ETFs like DBE, XES,USO, DBO and OIL top the overbought list. These are followed by steelstocks (SLX), Brazil (EWZ), and other energy and materials names.Ironically, while energy ETFs are the most overbought, gold and silver ETFs are the most oversold. We did a B.I.G. Tipsreport on the recent divergence between the price of oil and gold andfound that it doesn't happen often. Since both are inflation hedgesand a...

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etfs , inflation , overbought , oversold