Health Care Stocks Significantly Below 50-Day Moving Averages

Below we highlight the most oversold Health Care stocks in the Russell 1,000.  After poor guidance from WellPoint (WLP) and Humana (HUM) in the last two days, many Health Care stocks have gotten crushed.  As shown below, 11 stocks out of 95 in the sector are currently trading more than 20% below their 50-day moving averages.  HUM is 45% below its 50-day, followed by WLP, PDLI, SEPR, UNH and WCG.  It sure hasn't paid to use Health Care as a defensive play in this declining economic environment.