Most Overbought ETFs

With stocks rallying around the world, the many ETFs that track various equity markets have moved significantly above their 50-day moving averages. Below we highlight the most overbought ETFs in relation to their 50-day moving averages. This list of ETFs comes from our daily ETF Trends report at Bespoke Premium.

As shown, the Russian stock market ETF (RSX) is the most overbought, trading 36.17% above its 50-day. India (INP) ranks second at 35.72%, followed by the steel ETF (SLX), emerging market Europe (GUR), metals and mining (XME), and Singapore (EWS). The majority of the ETFs on this list track countries. The rest are generally concentraded in the commodities area.

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Comments

[semserus:]

Hi,
Can YOU Post - Most Oversold ETF's. Please !

Jun 03 09:11 AM

[User 425018:]

Does "overbought" mean "overvalued"?

I mean, really, is this post the reason for today's slump in emerging mkt efts?

Jun 03 12:37 PM

[Alan Young:]

I have several of these, and they have all been steadily rising, and above their 20-day MAs since mid-March— even after today's correction. Good entry point now.

Jun 03 05:08 PM