Here are 7 ETFs You Need to Know for Friday.
Down for a second day in a row and entering oversold territory above the 200-day moving average was the PowerShares QQQ Trust ETF (QQQQ | Chart | News | PowerRating).
Joining the Asian country ETFs in pulling back into oversold territory were a number of European country ETFs. These include the iShares MSCI France Index ETF (EWQ | Chart | News | PowerRating) and the iShares MSCI Germany Index ETF (EWG | Chart | News | PowerRating), both down nearly 1% intraday.
Some of the deepest pullbacks in ETFs by sector continue to be in the health care and consumer staples areas. Exchange-traded funds representing these stocks include the Vanguard Health Care ETF (VHT | Chart | News | PowerRating) and the Consumer Staples Select Sector SPDR ETF (XLP | Chart | News | PowerRating).
The PowerShares Preferred Portfolio ETF (PGX | Chart | News | PowerRating) is one of the most overbought ETFs in the market. PGX is designed to track the performance of the Merrill Lynch Fixed Rate Securities index.
Technology ETFs were also pulling back late in the week. Down for a second day above the 200-day moving average was the Semiconductor HOLDRS ETF (SMH | Chart | News | PowerRating).
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