Most Overbought ETFs

 |  Includes: DBS, INP, PXE, XOP
by: Bespoke Investment Group

Of the 200 or so ETFs across all asset classes that we track in our daily ETF Trends report over at Bespoke Premium, 94% are currently trading above their 50-day moving averages. Below are the 25 that are the farthest above their 50-days. As shown, the India ETN (NYSEARCA:INP) is the most extended at 13.23%, followed by PXE, DBS and XOP. PXE and XOP are both energy exploration and production ETFs, while DBS is a silver fund. Nearly all of the ETFs on the list below are commodity or foreign stock related.

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