30 Stocks Furthest Above And Below 50-DMAs

As the S&P 500 continues to rally off of its Christmas Eve low, many stocks have extended well past their 50-day moving averages. Below is a list of the 30 S&P 500 stocks that are trading the furthest above their 50-DMAs. At the top of the list is Coty (COTY) which currently sits 44.18% above its 50-DMA. Before reporting earnings on February 8th, the stock actually sat just below its moving average, but a strong report rocketed the stock well above its 50 and 200-day. While no other stocks are quite as overextended as COTY, there are currently nine that sit more than 20% above their 50-DMAs.Many of these saw a strong Q4 earnings report, like Xilinx (XLNX) which reported a triple play and gapped up 9.55% in reaction to the news. Other notables on the list of most extended stocks include Chipotle (CMG), Electronic Arts (EA), Advanced Micro (AMD), Boeing (BA), Netflix (NFLX), and General Electric (GE).

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While these stocks have performed unbelievably lately, they are now reaching extremely overbought levels as shown through our popular Trend Analyzer tool. A couple like COTY and ANET have extended so far above their 50-DMAs that they are basically off the chart. As a result of these readings, many of these stocks have poor timing ratings as they are increasingly overdue for some downside mean reversion.

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At the other end of the spectrum, below we show the 30 S&P 500 stocks that are furthest below their 50-DMAs.Newell Brands (NWL) is the leader of the group at 16.31% below. NWL plummeted over 9% on Friday after lowering guidance, whereas before reporting it comfortably sat above its 50-DMA. It has continued to decline today.  The next stock that is far below its 50-DMA is Take-Two Interactive (TTWO) which also saw a sour response to earnings a couple weeks ago.  This stock is another that actually sat above its 50-DMA before its earnings report was released. A similar name, Activision Blizzard (ATVI), joins TTWO on this list despite their peer EA being one of the most elevated stocks.

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