TradingMarkets 7 ETFs You Need to Know for Friday
With most sectors rallying on Thursday, it was the energy and materials sectors that were fueling some of the most impressive gains. Meanwhile, country ETFs for both Brazil and China were up more than 4% intraday.
Here are 7 ETFs You Need to Know for Friday.
Still rangebound after closing above its 200-day moving average at the beginning of the month, the iShares Russell 2000 Index ETF
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IWM |
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PowerRating) includes among its larger holdings biotechnology company Myriad Genetics
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PowerRating) and tech company Sybase
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Crossing over its 200-day moving average for the first time since the summer of 2008, the ProShares Ultra Oil & Gas ETF
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DIG |
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Also looking to make a historic close above its 200-day moving average on Thursday was the ProShares Ultra Basic Materials ETF
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UYM |
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PowerRating), which was up more than 5% intraday. UYM includes among its holdings DuPont
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DD |
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PX |
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PowerRating).
A number of bond ETFs continued to gain on Thursday, rallying from oversold conditions above the 200-day moving average. Among these ETFs are the iShares Barclays TIPS ETF
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PowerRating) and the iShares iBoxx Investment Grade Corporate Bond ETF
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PowerRating)
The CurrencyShares Australian Dollar Trust
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FXA |
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PowerRating) hit a 20-day high intraday on Thursday.
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