Four ETFs Riding an Uptrend

When reviewing charts, I like nothing better than seeing a security trading pattern steadily going up over both the long and short terms.

To find funds that may be in a consistent uptrend, we can search for technically bullish-moving-average crossovers. The five-day moving average above the 20-day average signals short-term bullishness. When this coincides with the 50-day moving average exceeding the 200-day moving average, the fund may also be trending higher in the long run.

Of the 789 U.S. domiciled exchange-traded funds we track, only 130 ETFs had five-day moving averages in excess of their 20-day figures. Limiting the group to those with 50-day averages topping the 200-day average narrows the list to a manageable 41 funds.

Eighteen of these funds have or are close to giving a fresh buy signal on the moving average convergence-divergence indicator. The convergence-divergence indicator, created by Gerald Appel, uses exponential moving averages to find turning points in the price movements of securities. ...