The Twelve Most Overbought ETFs

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Includes: EWW, EZA, INP, IYG, IYR, KBE, KIE, PEJ, RKH, RSX, SLX, XME
by: Bespoke Investment Group

Usually, only one or maybe two of the 200+ key ETFs we track are trading more than 10% above their 50-day moving averages, but currently there are twelve. The steel stocks ETF (NYSEARCA:SLX) is trading the farthest above its 50-day of all the ETFs we track (non-leverage) at 16.53%. SLX and the other eleven ETFs trading well into overbought territory are listed below.

click to enlarge image

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