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Breadth By The 50-Day

By Total Trader | Published: 6 May 2009

As the market continues to rally, the percentage of companies now trading above their 50-day moving averages also continues to rise.  As shown below, 92% of the stocks in the S&P 500 are now trading above their 50-days.  This is by far the highest reading since mid-2006, and it is indicative of extremely strong market breadth.

Spx50day505 

Every sector except Health Care and Consumer Staples has a >50-DMA reading of more than 90%.  The Consumer Staples sector is at 88%, and Health Care is at 75%.  Telecom only has 9 stocks in the sector, and all of them are trading above their 50-days.  The Industrials sector ranks second at 98%, followed by Energy and Utilities at 97%.  While still high, Financials and Consumer Discretionary have actually seen a decline in the percentage of stocks above their 50-days over the last week.  The indicator maxes out at 100%, so there isn’t currently much upside room from a breadth perspective.  A pullback in these extraordinary numbers would be neither surprising nor unhealthy.

Finlindu505 

Inftenrs505 

Condcons505 

Hlthmatr505 

Utiltels505

Source: Bespoken Research

Related Posts:

  1. S&P 500 Sector Breadth Measures
  2. Price Overbought But Neutral Breadth
  3. Percentage of Stocks Above 50-Day Moving Averages
  4. Percentage of US Stocks Above 50-Day Moving Averages
  5. Percentage of US Stocks Above 50-Day Moving Averages
  6. New Highs in the Consumer Discretionary Sector
  7. Sharp Reversal in S&P 500 10-Day A/D Line

This entry was posted in Market Reports and tagged 50-day moving average, CFD Trading, Consumer Staples, Industrials, Moving Averages, Pullback, Rally, Share Portfolio, Sp500, Stocks, Strong Market. Bookmark the permalink. Both comments and trackbacks are currently closed.
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