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Key ETFs Most Overbought and Oversold

by: Bespoke Investment Group June 26, 2008 | about stocks: BBH / DBA / DBC / DBE / DBO / EWD / EWI / EWK / EWN / EWP / EWQ / EZA / FXA / FXI / FXM / INP / KBE / OIL / RKH / RSX / UNG / USO / XME / XOP    

Bespoke Investment Group

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Below we highlight the ETFs in our daily ETF Trends report that are currently trading the furthest above and below their 50-day moving averages.  Five commodity ETFs top the list of the most overbought ETFs.  DBA, DBC, UNG, DBO and DBE are all more than 7% above their 50-day moving averages.  Other ETFs on the list of positive trending names include XME, OIL, USO, XOP, RSX and BBH.  Two currency ETFs are also on the list -- the Mexican Peso (FXM) and the Australian Dollar (FXA).

Currently, 160 out of the 190+ ETFs that we follow closely are trading below their 50-day moving averages.  The banking ETF (KBE) is the furthest below at -18%, followed by the regional banking ETF (RKH) at -15%.  India (INP) and Belgium (EWK) trail the two bank ETFs, while Sweden (EWD), the Netherlands (EWN), South Africa (EZA), Italy (EWI), Spain (EWP), China (FXI) and France (EWQ) are other countries that are significantly oversold.

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Ketetfsabove_2

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This article has 4 comments:

  •  
    Jun 26 09:56 AM
    So, what's your point? Buy more, sell, or what. We value you opinion so don't just present data. We can do that on Yahoo!
    Reply
  •  
    Jun 26 10:53 AM
    Agreed papagiki...overbought conditions can remain in place for quite a while, and oversold doesn't mean it's time to buy.

    The writers are factual and non-committal, merely pointing to conditions that possibly warrant stop loss protection, or positions to montior for entry points.
    Reply
  •  
    Jun 26 11:48 AM
    I appreciate you putting all this info in 1 easy to read format
    Reply
  •  
    Jun 26 01:47 PM
    source?
    Reply
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