Stocks Furthest Above, Below Their 50-DMAs

Below we highlight the S&P 500 stocks that are currently trading the furthest above and below their 50-day moving averages. As shown, ETFC, PHM, YHOO, R, RRC and LEN are currently trading the furthest above their 50-days, while ABK, MBI, HAR, MTG and AAPL are trading the furthest below.

It's surprising to see that AAPL is one of 5 stocks out of 500 in the index that are the most oversold. Currently, AAPL is 25% below its 50-day moving average and is down 36% on the year. The list of most overbought stocks is made up largely of homebuilders and other consumer discretionary names, while the list of oversold stocks is made up of many financials and technology names. Other notables on the list of oversold stocks are AIG, GOOG, MSFT, MOT and MS.

click to enlarge

Comments

[oceandude:]

title of first chart is wrong

2008 Feb 13 11:42 AM

[sliman:]

Do you have any statistics on how either of these groups do in the future?

2008 Feb 14 09:12 AM