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 (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 (JDSU) ranks second at 55.2%, followed by Frontier Oil (FTO), Manitowoc (MTW), Holly Corp (HOC), Tesoro (TSO), and NVIDIA (NVDA). Sears Holdings (SHLD), Micron (MU), Valero (VLO), and Sunpower (SPWRA) are other notable names on the list.
