TradingMarkets 7 ETFs You Need to Know for Monday
Strength in materials stocks made basic materials ETFs among the best performers on Friday. Widespread buying has pushed most sector and country ETFs into overbought territory below the 200-day moving average.
Here are 7 ETFs You Need to Know for Monday.
An earnings surprise from Schlumberger
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Dropping to its lowest levels in six months was the ProShares UltraShort Basic Materials ETF
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Strength in a variety of retailers, from Lowe’s
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News that ProShares will be looking to provide triple leveraged ETFs along with its line of 2x funds means that popular triple-leveraged ETFs like the Direxion Financial Bull 3x Shares ETF
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One of the few country ETFs to have rallied above its 200-day moving average this spring, the iShares FTSE/Xinhua China 25 Index ETF
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Trading near its highest levels of the week below the 200-day moving average intraday on Friday was the iShares Nasdaq Biotechnology ETF
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