S&P 500 Stocks Furthest Above 200-Day Moving Averages

While 85% of the stocks in the S&P 500 are currently trading above their 50-day moving averages, just 89 are trading above their longer-term 200-day moving averages. While a move above the 50-day is bullish for technicians, a move above the 200-day is even more positive. In a solid bull market, most stocks in the indices will be trading above their 200-days, and their 50-days will be higher than the 200-days. At the moment, most stocks are below their 200-days, and their 50-days are also below the 200-days.

Below we highlight the 30 stocks in the S&P 500 trading the furthest above their 200-day moving averages. As shown, AutoNation (AN) is the furthest above its 200-day at 57%, followed by Darden (DRI), O'Reilly Automotive (ORLY), and First Horizon (FHN). Other notables on the list include Ford (F), Whole Foods (WFMI), Amazon.com (AMZN), Best Buy (BBY), Broadcom (BRCM), Kohl's (KSS), and Home Depot (HD).

Comments

[GoochyPuppy:]

Isn't there any belief that these could be overbought? Momentum isn't everything...

Apr 17 06:40 PM

[ernie schubert:]

To whom it may concern: I would like information about OI(Owens-
Illinois) I have some share leftover from my 401K and would your
opinion-hold and be bold or sell or buy-bye. Thank you. ernie schubert

Apr 19 03:17 AM

[WatchIt007:]

Did an informal inquiry at local AutoZone AZO; clerk said customers are just buying what they need to survive. Sounds like all the frills purchases are drying up. The expensive upgrade parts the kids like to put on their cars are profitable,and if these are falling off along with other discretionary purchases it may be a sign that the ride is over for the run-up in stock price. Get out while the getting is good; it's all greed for further price increase expectations from here.

Apr 19 11:23 PM