Country funds dominate the oversold ranks coming into trading on Wednesday, while retail remains the most oversold sector in the market. Find out which ETFs are pulling back in the second half of the week in today’s 7 ETFs You Need to Know.
Sellers moved into the energy patch, while buyers continued to pour into retail stocks like Aeropostale and Abercrombie and Fitch. Check out our 7 Stocks You Need to Know for more stocks making big moves ahead of trading on Wednesday.
Concerns over Ireland have kept trading interest high in European ETFs. Meanwhile, exchange-traded funds based on Asian countries are edging closer to oversold territory as trading begins on Tuesday.
India-based exchange-traded funds are among the most oversold heading into trading on Monday. Find out what other ETFs are pulling back from recently overbought conditions in today’s edition of 7 ETFs You Need to Know.
Short term oversold conditions resulted in a strong rally on Thursday, putting many oversold stocks back in the overbought column ahead of the final trading day of the week.
Sellers continued to press their offensive on Tuesday, sending even more stocks tumbling toward oversold territory above the 200-day moving average ahead of trading on Wednesday.
Technology stocks led by Cisco Systems pulled back, while energy stocks like HAL and MEE were on the move higher ahead of trading on Friday.