TradingMarkets 7 ETFs You Need to Know for Friday
U.S. markets reversed intraday after opening significantly lower on Thursday to close near session highs. Relative to the S&P 500 and the Nasdaq 100, the Dow industrials – as represented by the ^DIA^ – lagged behind, though just outside oversold territory.
From a sector perspective, sellers were more aggressive in the financial sector than others, leading to a modest loss for the ^XLF^. Buyers bid slightly higher consumer staples stocks, giving a boost to ETFs like the the ^UGE^.
Here are 7 ETFs You Need to Know for Friday.
Among the country ETFs pulling back into oversold territory ahead of trading on Friday are the ^EWT^ and the ^EWY^.
Also very oversold above the 200-day moving average is the ^RSX^, which closed in oversold territory despite reversing on the day to close near session highs.
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Gold and precious metals based exchange-traded funds that had moved into oversold territory in recent days rallied on Thursday. The ^GLD^ was among many gold ETF gainers after closing in oversold territory for the past two days in a row.
The most oversold exchange-traded fund in our database going into Friday’s trading? The ^ITB^ has closed in oversold territory for three days in a row.
Closing for a third day in oversold territory above the 200-day moving average was the ^XHB^.
The ^XBI^ slid back into oversold territory on Thursday, despite reversing higher over the course of the trading day.