With the major indices down close to 1.50% this morning, below we highlight the stocks in the Russell 1,000 that are trading furthest above and below their 50-day moving averages. Currently, BEAS, MOS, CLR, AKS, FSLR, SPWR and OEH are trading the furthest above their 50-day's, while CWTR, NTRI, ACXM, IMB and MTG are trading the furthest below. Most stocks on the negative list are due to poor earnings reports over the last couple of weeks. The average stock in the index is currently 1.20% above its 50-day.
Comments