Key ETFs Furthest Above and Below 50-Day Moving Averages

Below we highlight a list of the ETFs that are trading the furthest above and below their 50-day moving averages.

As shown, the Internet group ETF (HHH) is the most overbought at +10.49%, followed by Brazil (EWZ), Emerging Market Latin America (GML), Oil (DBO), all of Latin America (ILF), and Gold (IAU) and (GLD). Other notables on the list of most overbought ETFs include China (GXC) and (FXI), Steel (SLX), Russia (RSX), and Silver (SLV).

The Natural Gas ETF (UNG) is trading the furthest below its 50-day moving average at -12.83%. The Banking group ETF (KBE) ranks 2nd at -6.82%, followed by Nanotech (PXN), Clean Energy (PBW), Microcaps (IWC), and the Insurance group (KIE).

Comments

[oldman:]

Those below will be exalted.

Nov 07 11:10 AM

[Alan Young:]

Overbought/oversold stocks can remain overbought/oversold for a long time. Traders who want to buy low and sell high must be both cautious and patient, because market momentum punishes contrarian bets more often than not.

Nov 07 03:33 PM

[LaChic:]

i agree, the gdx still a buy....

Nov 07 07:57 PM