The direction of a stock’s 200-day moving average (DMA) is a good way to gauge its long-term directional trend.  If the 200-day moving average is rising, it’s a signal of a long-term uptrend, and vice versa for a downward sloping 200-DMA.  Additionally, the distance a stock is trading above or below its 200-day is a good way to gauge how extended it is from its “normal” trading range.

The average stock in the S&P 500 right now is trading roughly 5% above its 200-day moving average.  But a whopping 32% of stocks in the index are more than 10% above their 200-DMAs.  That’s a healthy reading that shows just how strong equities have been.

Below is a list of the S&P 500 stocks currently trading the farthest above their 200-DMAs.  As shown, NVIDIA (NVDA) is the most extended at 53.19%, followed by Autodesk (ADSK) at 42.18% and Lam Research (LRCX) at 37.37%.  CSX and Micron Tech (MU) round out the top five.

Three of the mega-Tech behemoths that are getting so much love these days are on the list as well.  Apple (AAPL) is 22.80% above its 200-day, Amazon.com (AMZN) is at 20.39%, and Alphabet (GOOGL) is at 19.05%.  Other notables on the list include Best Buy (BBY), Netflix (NFLX), Adobe (ADBE), Wynn Resorts (WYNN), Coach (COH), Philip Morris International (PM), and Boeing (BA).

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On the flip side of the equation, 11% of stocks in the S&P 500 are trading more than 10% below their 200-DMAs.  Below is a list of the 50 stocks trading the farthest below their 200-days.  The list is made up mostly of retailers, REITs, and Energy stocks.

Signet (SIG) tops the list at 36.83% below its 200-day, followed by Under Armour (UAA), Macy’s (M), and Kimco Realty (KIM).  Other notables on the list include TripAdvisor (TRIP), AutoZone (AZO), Target (TGT), Bed Bath & Beyond (BBBY), Nordstrom (JWN), and Schlumberger (SLB).

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