Major equity index exchange-traded funds (ETFs) edged higher on Thursday, with funds like the ^DIA^ and the ^IWM^ leading other equity index ETFs.
Financials continue to be in strong demand, sending the ^SKF^ to new oversold extreme territory.
Here are 7 ETFs You Need to Know for Friday
Among the exchange-traded funds taking top ETF PowerRatings into trading on Friday are the ^XOP^ and the ^PXH^. Both ETFs earned PowerRatings upgrades to 10 over the course of the trading day on Thursday.
Up more than 1% before reversing lower, but still closing in overbought territory above the 200-day moving average was the ^XLY^.
Try our Ultimate PowerRatings! Ultimate PowerRatings is your one-stop shop for the biggest short term edges for traders of stocks, exchange-traded funds and leveraged ETFs. Click here to learn more.
Also moving higher with the financials was the ^FAS^, which closed up 1% after climbing significantly higher than that earlier in the Thursday session.
Closing in overbought territory above the 200-day moving average for a third consecutive trading session and increasingly due for a pullback is the ^UUP^.
Among the country ETFs that are oversold above the 200-day moving average is the ^EWS^. Thursday marked the second consecutive close in oversold territory for EWS.
The most oversold ETF in our database? The ^OIH^ continues to rank among those exchange-traded funds that have become exceptionally oversold above the 200-day moving average. OIH pulled back by more than 2% on Thursday.