TradingMarkets 7 ETFs You Need to Know for Thursday
Buyers aggressively bid financials higher on Wednesday, sending leveraged ETFs like the ^UYG^ and the ^FAS^ soaring by more than 5% and 7% respectively.
Also impressive were the gains in technology. Up by more than 1% and at a new short term high on Wednesday was the ^XLK^.
Here are 7 ETFs You Need to Know for Thursday
Among the exchange-traded funds taking top ETF PowerRatings into trading on Thursday are two from the health care arena: the ^PPH^ and the ^XLV^.
The strength in both financial and technology sectors has helped make the ^FAZ^ and the ^TYP^ among our highest rated leveraged ETFs heading into trading on Thursday.
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The most oversold ETF in our database ahead of Thursday’s trading? Among the top three for Thursday’s trading is the ^MOO^, which has closed in oversold territory for two consecutive trading days.
Short currency ETFs also earned PowerRatings upgrades in Wednesday’s trading. Both the ^EUO^ and the ^YCS^ will be among the higher rated leveraged ETFs for Thursday.