TradingMarkets 7 ETFs You Need to Know for Tuesday
On a day of modest market movement, buyers were more attracted to financial and technology shares, helping both the ^FAS^ and the ^ROM^ gain on Monday.
After several consecutive days in overbought territory above the 200-day moving average, gold ETFs pulled back on the first trading day of the week. Closing lower on the day was the ^DGL^.
Here are 7 ETFs You Need to Know for Tuesday.
Among those ETFs taking top ETF PowerRatings into trading on Tuesday are the ^THD^ and the ^IBB^. Both funds earned Monday’s biggest intraday ETF PowerRatings upgrades from 5 to 9.
Strength in technology meant lower prices – and higher Leveraged ETF PowerRatings – for exchange-traded funds like the ^TYP^.
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Commodity-based oil ETFs like the ^USO^ continue to be among the most oversold ETF as a group in our database. But the most oversold ETF in our database is the ^UUP^, which again tops the list of most oversold exchange-traded funds.
Among leveraged ETFs, the most oversold funds are the ^QID^ and the ^SKF^. Both leveraged funds are trading below their 200-day moving averages.