Most Oversold Key ETFs (6/7/10)

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 |  Includes: CWI, DBB, DBO, DWM, EFA, EFG, EFV, EPP, EWA, EWD, EWG, EWI, EWN, EWO, EWP, EWQ, EWT, EWZ, EZU, FEU, FEZ, GSG, GSP, GUR, IEV, IGN, IOO, IYG, KBE, KIE, OIH, OIL, PBW, PHO, PKB, PSP, PXN, RKH, RSX, SLX, USO, VEU, VGK, VPL, XES, XHB, XLB, XLF, XLI, XME
by: Bespoke Investment Group

On April 6th, we highlighted that twelve of the 200 or so key ETFs we track were trading more than 10% above their 50-day moving averages, which is a large number relative to normal readings. At the moment, 50 of the key ETFs we track (roughly 25%) are more than 10% below their 50-days! If twelve is a lot on the overbought side, what is 50 on the oversold side? Spain (NYSEARCA:EWP) is the most oversold at -20.25% below its 50-day, followed by Austria (NYSEARCA:EWO), Oil & Gas stocks (NYSEARCA:OIH), Base Metals (NYSEARCA:DBB), and Italy (NYSEARCA:EWI).

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