TradingMarkets 7 ETFs You Need to Know for Friday
Energy and utilities stocks helped provide leadership on a day when the markets rebounded from a one-day sell-off. On the international front, a number of European country ETFs rallied in the wake of short term oversold conditions.
Here are 7 ETFs You Need to Know for Friday.
The markets were led higher in large part by buying in energy shares on Thursday, with buyers especially eager to accumulate shares of stocks like Schlumberger
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Up more than 3% intraday but still largely range bound below its 200-day moving average was the ProShares Ultra Financial ETF
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Gaining for a third session out of the past four and up 4% intraday was the ProShares Ultra Utilities ETF
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A number of European country ETFs that dipped into oversold territory above the 200-day moving average as of Wednesday’s close rallied above their 5-day moving averages on Thursday. These included the iShares MSCI Switzerland Index ETF
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Pushing back into overbought territory as it nears its 200-day moving average, the ProShares Ultra QQQ ETF
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Sellers continue to drive bond ETFs deeper into oversold territory above the 200-day moving average. Down for a fifth consecutive session above the 200-day was the iShares Barclays Aggregate Bond ETF
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