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Key ETFs Most Overbought and Oversold

Posted on June 26, 2008

Below we highlight the ETFs in our daily ETF Trends report that are currently trading the furthest above and below their 50-day moving averages. Five commodity ETFs top the list of the most overbought ETFs. DBA, DBC, UNG, DBO and DBE are all more than 7% above their 50-day moving averages. Other ETFs on the list of positive trending names include XME, OIL, USO, XOP, RSX and BBH. Two currency ETFs are also on the list -- the Mexican Peso (FXM) and the Australian Dollar (FXA). Currently, 160 out of the 190+ ETFs that we follow closely are trading below their 50-day moving averages. Th...

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etf , etfs , overbought , oversold , trading