By bespokeinvest.com,
From our daily ETF Trends report over at Bespoke Premium, below is a list of the key ETFs across all asset classes that are currently trading the farthest below their 50-day moving averages. It’s rare when one ETF trades to 10% below its 50-day, but right now there are 16 of them out of the 200 or so that we track.
As shown, emerging markets ETFs are leading the way lower. They make up 9 of the 10 most oversold ETFs, with Latin America (GML) and Brazil (EWZ) at the top. The one non-emerging market ETF in the top 10 is silver (SLV) at 12.44% below its 50-day. In terms of US equity ETFs, the REIT ETF (IYR) is the farthest below its 50-day at -10.31%.
http://www.bespokeinvest.com/thinkbig/2013/6/21/oversold-etfs.html
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