The average stock in the Russell 1,000 is currently 0.80% above its 50-day moving average.  That’s healthy because it’s in positive territory, but it’s far from an “overbought” number.  As shown in the chart below, however, there’s quite a bit of deviation between sectors.  The average Health Care stock is 6.24% above its 50-day (a very high number) while the average Energy stock is 9.31% below its 50-day (a very low number).

For those interested, below is a list of the Russell 1,000 stocks currently trading the farthest above their 50-day moving averages.  The list is littered with Technology and Biotech/Health Care stocks.  Alnylam Pharma (ALNY) is the farthest above its 50-day at +29.57% (also up 121% YTD), followed by SunPower (SPWR) at 24.73%, and NVIDIA (NVDA) at 21.78%.  Whole Foods (WFM) and Zillow rank 4th and 5th.  Other notables on the list of most extended stocks include First Solar (FSLR), Tesla (TSLA), Square (SQ), Palo Alto Networks (PANW), Oracle (ORCL), and Tableau Software (DATA).

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