The percentage of stocks in the S&P 500 Index trading above their 50 day moving average has declined to 34%. This percentage is approaching levels last reached mid year of last year. The percentage of S&P 500 stocks trading above their 150 day moving average remains at a high level of 75%.
Thursday, January 28, 2010
S&P 500 Index Short Term Oversold
Posted by David Templeton, CFA at 11:09 PM
Labels: Technicals
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