TradingMarkets 7 ETFs You Need to Know for Thursday
Equity index ETFs moved largely sideways on Wednesday, though both the S&P 500 SPDRS ETF
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PowerRating) and the iShares Russell 2000 ETF
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PowerRating) drifted into overbought territory above the 200-day moving average.
Among pullbacks in sector exchange-traded funds, the Industrial Select Sector SPDRS ETF
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PowerRating) retreated after three consecutive overbought closes.
Here are 7 ETFs You Need to Know for Thursday.
Top ETF PowerRatings funds for Thursday include the iShares MSCI Taiwan Index Fund ETF
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PowerRating) and the Dow Jones Wilshire International Real Estate SPDR ETF
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PowerRating), both of which earned ETF PowerRating of 8 as of the close of trading on Wednesday.
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A number of country ETFs rallied from oversold territory above the 200-day moving average on Wednesday. These included the Market Vectors Russia ETF
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PowerRating), which gained nearly 4% late in trading and the iShares MSCI France Index Fund ETF
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PowerRating), which was up more than 1% before pulling back.
But among those that remained in oversold territory was the iShares FTSE/Xinhua China 25 ETF
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PowerRating), which closed lower for a second consecutive trading days, and the iShares MSCI Brazil Index Fund ETF
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PowerRating), closing in oversold territory on Wednesday. FXI, is one of our highest ETF PowerRatings funds.
Pulling back into oversold territory was the Consumer Staples Select Sector SPDR ETF
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PowerRating). Like many funds, the XLP has been largely rangebound for the past 30 days.