Below we highlight stocks in the S&P 500 that are currently trading the furthest above and below their 50-day moving averages. As shown, Massey Energy (NYSE:MEE) is the furthest above its 50-day in the index at 39.47%. MEE is also the best performing stock in the S&P 500 year to date (164%).
MEE is trailed by JBL, BTU, NBR and CNX. Non-Energy related names on the list include BUD, NEM, KG, VAR, EDS, BIG and AMGN. And surprisingly, Spring (NYSE:S) has made its way onto the list of winners. While it's still down more than 28% year to date, it is currently 9.67% above its 50-day moving average.
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It's not surprising that 11 out of the 12 stocks on the oversold list are in the Financial sector. MBI and MTG are both more than 50% below their 50-days, and Washington Mutual (NYSE:WM) (which is now trading at $5!) is 44.67% below. General Motors (NYSE:GM) is the one non-Financial stock mixed in with the top 12 losers. Other non-Financial related names on the list include AN, SNDK, F, CVH and MU.