The S&P 500 is trading about 1% above its 50-day moving average, and 60% of the stocks in the index are trading above their 50-days. But the S&P 500 Energy sector is a different story. As shown in the second chart below, just 10% of S&P 500 Energy stocks are currently trading above their 50-days. Energy stocks have come under pressure in recent weeks as oil has fallen from a high in the low $80s to its current price of $72.80/barrel. Both oil and the Energy sector are now trading into oversold territory, but they are still holding their bull market up-trends. Investors that have been waiting for a pullback to get into the sector definitely have an opportunity now.
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Below we provide a table of the 40 stocks that make up the S&P 500 Energy sector. The stocks are sorted by how far they're trading from their 50-day moving averages. As shown, Range Resources (RRC) is trading the furthest below its 50-day at -14.41%. Other names trading more than 10% below their 50-days include Chesapeake Energy (CHK), Tesoro (TSO), Baker Hughes (BHI), Smith International (SII), ENSCO (ESV), Murphy Oil (MUR), and Valero (VLO).