jump to navigation

Most Extended S&P 500 Stocks March 18, 2013

Posted by Ishmael Chibvuri in Latest Articles!!!.

While the market has been making new bull market highs all week, we haven’t quite seen the breadth that we saw earlier in the year. As shown in the chart below, 83% of the stocks in the S&P 500 are currently above their 50-day moving averages. Back in January, this reading got above 90%.

(click to enlarge)

The average S&P 500 stock is currently 4.33% above its 50-day, which is a very high reading. The S&P 500 itself is trading 3.5% above its 50-day.

Below is a list of the 35 S&P 500 stocks that are currently trading the farthest above their 50-days. As shown, Best Buy (BBY) — yes, Best Buy! — is the farthest above its 50-day at 33.75%, followed by Hewlett-Packard (HPQ) — yes, Hewlett-Packard! — at 23.79%. Other notables on the list of the most extended stocks above their 50-days are Netflix (NFLX), Electronic Arts (EA), TripAdvisor (TRIP), Boeing (BA) and Washington Post (WPO).

(click to enlarge)

Just 84 S&P 500 stocks are currently below their 50-days, and below is a list of the 35 that are the farthest below. Cliffs Natural Resources (CLF) ranks first at -32.13%, followed by JC Penney (JCP) at -17.59% and Intuitive Surgical (ISRG) at -14.20%. Apollo (APOL), US Steel (X) and First Solar (FSLR) are the only other stocks more than 10% below their 50-days. And if you’re wondering about Apple (AAPL), yes it’s on the list of losers at 5.40% below its 50-day.

(click to enlarge)

Source: http://seekingalpha.com/article/1280931-most-extended-s-p-500-stocks?source=email_investing_ideas&ifp=0


No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: