Percentage of Stocks Above Their 50-Day Moving Averages

Percentage of Stocks Above Their 50-Day Moving Averages

from SeekingAlpha.com: Home Page by Bespoke Investment Group

Hickey and Walters (Bespoke) submit:

The percentage of S&P 500 stocks trading above their 50-day moving averages has finally moved off of the zero level. The current level of 12% seems like happy days are here again, even though it's still right around the levels seen during prior lows this year. The Utilities sector has the highest percentage of stocks above their 50-days at 34%. Telecom and Energy rank 2nd and 3rd at 22% and 20%. The Technology sector currently has the lowest reading at 4%.

Complete Story »