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Eighty-three percent of the stocks in the Russell 1,000 are currently trading above their 50-day moving averages, and the average stock in the index is just under 6% above its 50-DMA. There are 28 stocks in the index that are trading more than 20% above their 50-days, which is an extremely high reading. These names are listed below.

As shown, Weight Watchers (NYSE:WTW) tops the list at a whopping 68.09% above its 50-day moving average. The stock was already on an unbelievable tear heading into today, and then it decided to trade up another 45% in reaction to earnings! JDS Uniphase (NASDAQ:JDSU) ranks second at 55.2%, followed by Frontier Oil (NYSE:FTO), Manitowoc (NYSE:MTW), Holly Corp (HOC), Tesoro (NYSE:TSO), and NVIDIA (NASDAQ:NVDA). Sears Holdings (NASDAQ:SHLD), Micron (NASDAQ:MU), Valero (NYSE:VLO), and Sunpower (SPWRA) are other notable names on the list.

Source: Russell 1,000 Stocks Farthest Above 50-Day Moving Averages