TradingMarkets 7 ETFs You Need to Know for Thursday
Stocks were trading near breakeven levels late in trading on Wednesday, after two days of profit-taking that was especially aggressive in the financial sector.
Here are 7 ETFs You Need to Know for Thursday.
The acquisition of Centex Corporation
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CTX |
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PowerRating) by Pulte Homes
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PHM |
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PowerRating) helped the S&P Homebuilders SPDRS ETF
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XHB |
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PowerRating) rally from its lows on Wednesday. The ETF is in neutral territory – neither oversold nor overbought – below the 200-day moving average.
Retailers from Target Corporation
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BBBY |
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XLY |
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PowerRating) was up by more than 2% while the ProShares UltraConsumer Services ETF
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UCC |
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Up by more than 3% late on Wednesday was the ProShares Ultra Technology ETF
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ROM |
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PowerRating), which is not yet back in overbought territory below the 200-day moving average.
After closing lower for eight consecutive sessions and slipping below its 200-day moving average at the beginning of the month, the CurrencyShares Japanese Yen Trust
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FXY |
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PowerRating) closed higher for the second day in a row on Wednesday.
Profit-taking in financial stocks helped the ProShares UltraShort Financials ETF
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Spending its second consecutive session in overbought territory below the 200-day moving average is the ProShares UltraShort Oil & Gas ETF
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DUG |
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PowerRating), which was little changed from yesterday.
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