TradingMarkets 7 ETFs You Need to Know for Friday
Aggressive buying in both financials and consumer cyclicals helped U.S. markets stave off an early sell-off on Thursday. Gaining more than 3% on the day was the ^FAS^, while the ^UCC^ added more than 1%.
Among major equity index ETFs, the ^DIA^ rallied from yesterday’s pullback into oversold territory above the 200-day moving average.
Here are 7 ETFs You Need to Know for Friday.
Among the exchange-traded funds taking “consider buying” ETF PowerRatings into the final trading day of the week are the ^EWQ^ and the ^EFA^. Both funds earned two-point PowerRatings upgrades midway through trading on Thursday.
Gold strength continues to make leveraged inverse ETFs like the ^DZZ^ among the highest rated leveraged ETFs ahead of trading on Friday.
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The most oversold ETF in our database going into trading on Friday? The ^PPH^ edged out the ^XLV^ to earn the top spot as the most oversold exchange-traded fund trading above the 200-day moving average as of the Thursday close.
Two new, 2x leveraged exchange-traded funds have been introduced by ProShares: the ^BIB^ and the ^BIS^. Both ETFs trade on the Nasdaq and are based on the Nasdaq Biotechnology Index.
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