Seeking Alpha
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Registered investment advisor, macro, ETF investing
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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.

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Source: The Twelve Most Overbought ETFs