TradingMarkets 7 ETFs You Need to Know for Thursday
Many top ETF PowerRatings funds will take their top ratings into Thursday’s trading due to relatively mild trading on Wednesday. Meanwhile, buyers were most aggressive in the financial sector, helping the ^FAS^ to rally by well over 1%.
The U.S. Dollar, as measured by the ^UUP^ reversed back to the upside after a one-day dip above the 200-day moving average. Also advancing on the day, although below its 200-day moving average rather than above, was the ^OIL^.
Here are 7 ETFs You Need to Know for Thursday.
Among the top ETF PowerRatings funds ahead of trading on Thursday are country exchange-traded funds (ETFs) like the ^GUR^ and the ^SCZ^.
Closing in overbought territory below the 200-day moving average for a second day in a row on Wednesday was the ^FXI^.
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The ^VNQ^ closed for a third consecutive trading day in oversold territory above the 200-day moving average on Wednesday.
Looking for ETFs trading in deep waters? Among the highest volume ETFs are five exchange-traded funds with a “consider buying:” ETF PowerRating of 8 or higher going into Thursday’s trading. Included among this five is one sector fund, the ^XLF^.
The most oversold ETFs in our database ahead of trading on Thursday? Bond ETFs like the iShares ^LQD^ and the ^HYG^, have closed in oversold territory above the 200-day moving average for a second day in a row.
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