TradingMarkets 7 ETFs You Need To Know for Friday
Although U.S. equity index ETFs gained on Thursday, a number of country-based exchange-traded funds continued to move deeper into oversold territory above the 200-day moving average. Among them was the ^EWZ^.
Health care stocks, such as those represented by the ^VHT^, and the ^IYH^, continued to gain. Both funds closed in overbought territory above the 200-day moving average for a second consecutive session on Thursday.
Here are 7 ETFs You Need to Know for Friday.Among the top ETF PowerRatings funds going into Friday’s trading are the ^TAO^ and the ^TAN^.
Both ETFs earned our highest rating midday through the trading day on Thursday.
The ^ILF^ is also one of the highest rated exchange-traded funds going into the final trading day of the week. ILF also experienced one of the largest ETF PowerRatings upgrades on the day.
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After closing lower for three consecutive sessions – and making our Most Oversold List Wednesday after the close – the ^JNK^ rallied into neutral territory on Thursday.
The most oversold ETF in our database? Among country ETFs, the ^EWH^ is one of the most oversold with a 2-period RSI of less than 5. Also very oversold above the 200-day moving average is the ^FXI^.
Energy shares continued to move higher on Thursday. Gaining for a second day after reachign oversold extremes above the 200-day moving average was the ^DIG^. DIG is leveraged two-to-one to the daily return of the Dow Jones U.S. Oil & Gas Index of stocks including ^XOM^ and ^CVX^.