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Below we highlight the most oversold Healthcare stocks in the Russell 1,000. After poor guidance from WellPoint (WLP) and Humana (NYSE:HUM) in the last two days, many Healthcare stocks have gotten crushed.

As shown below, 11 stocks out of 95 in the sector are currently trading more than 20% below their 50-day moving averages. HUM is 45% below its 50-day, followed by WLP, PDLI, SEPR, UNH and WCG. It sure hasn't paid to use Healthcare as a defensive play in this declining economic environment.

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Source: Healthcare Stocks Have Been Anything but Defensive