Key ETFs Farthest Above 50-Day Moving Averages
Hickey and Walters (Bespoke) submit:
Below we highlight the key ETFs that we follow that are currently trading the farthest above their 50-day moving averages. As shown, the Internet stock ETF (HHH) is currently on top of the list at 10.31% above its 50-day. Malaysia (EWM) ranks second at 9.29%, followed by Base Metals (DBB), Australia (EWA), and then REITs (IYR). A lot of times we’ll see ETFs from one asset class clustered at the top of the most overbought list, but it is currently pretty diverse.
