Percentage of Stocks Above 50-Day Moving Averages

Currently, just 14% of stocks in the S&P 500 are trading above their 50-day moving averages.  While this is extremely oversold, the number got down to 8% last August and 11% in January.

Financials and Industrials are the sectors struggling the most.  Each of them have just 2% of stocks trading above their 50-days.  Consumer Discretionary isn't far behind at 5%, however.  The two sectors that look the best at the moment are Health Care and Utilities.  Health Care has 42% above their 50-days, while the Utilities sector sits at 39%.

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Comments

[tommy u]

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[PDMoney]

Has this percentage ever gone below 0 in the S & P??