Buy on the Dip Prospects: October 24 Edition
Below is a look at ETFs that currently offer attractive buying opportunities.
The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively.
Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term “buy on the dip” opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
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This week we have 13 ETFs on our Buy-on-the-Dip list. MSCI global equity indexes tumbled this week causing ETFs seeking to replicate these indexes’ performance to decline. Natural Gas commodity plunged by more than 8% in last week. This caused the VelocityShares 3x Long Natural Gas ETN (UGAZ C+) and United States Natural Gas Fund (UNG B-) to plummet by 10.5% and 3.54% respectively.
ETFs to Buy on the Dip
Ticker | Name | Price | 1-Year Return |
|---|---|---|---|
(UGAZ C+) | 3X Long Natural Gas ETN Velocityshares | $46.10 | -65.53% |
(UNG B-) | US Natural Gas Fund | $8.99 | -17.90% |
(EWG B+) | Germany Index MSCI Ishares | $25.84 | -1.86% |
(BSV A) | Short-Term Bond ETF Vanguard | $80.60 | 0.22% |
(EWY C+) | South Korea Index MSCI Ishares | $56.19 | 4.35% |
(EMLC A-) | Emrg Mkts Local Curr Bond ETF Market Vectors | $18.80 | 4.91% |
(DIA A-) | DOW Industrials SPDR | $181.22 | 5.68% |
(IWD A) | Russell 1000 Value Index Ishares | $104.21 | 5.90% |
(USMV A) | USA Min Volatility MSCI Ishares | $44.23 | 6.86% |
(EWC C+) | Canada Index MSCI Ishares | $25.70 | 6.95% |
(XLI A) | S&P 500 Industrial Sector SPDR | $56.99 | 7.57% |
(EWA B+) | Australia Index MSCI Ishares | $20.73 | 8.31% |
(SLV C+) | Silver Trust Ishares | $16.65 | 11.07% |
Please note that this list is updated on a weekly basis.
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Disclosure: No positions at time of writing.
