For each stock, the neutral (N) zone represents between one standard deviation above and below its 50-day moving average. The light red shading represents between one and two standard deviations above the 50-day, and vice versa for the light green shading. The dark red shading represents between two and three standard deviations above the 50-day, and vice versa for the dark green shading. Moves into the red shading are considered overbought, while moves into the green shading are considered oversold.
Just 5 of the stocks shown have moved lower within their trading ranges over the last week, while 25 have moved higher. Johnson & Johnson (JNJ), AT&T (T) and Verizon (VZ) have had the biggest moves higher since last Thursday's close.
At the moment, 8 of the 30 largest S&P 500 stocks are in overbought territory, while 4 are oversold. Four stocks are in extreme overbought territory — AT&T (T), Pfizer (PFE), Coca-Cola (KO) and Verizon (VZ). The 4 oversold stocks are Wal-Mart (WMT) — which was overbought last week, Cisco (CSCO), McDonald's (MCD) and ConocoPhillips (COP).
Looking at year to date performance, the biggest stock in the S&P 500 (and in the world) — Apple (AAPL) — is up the most out of all the stocks listed with a gain of 50.54%. Bank of America (BAC) ranks a close second with a YTD gain of 49.19%, followed by JP Morgan (JPM), Citigroup ©, Microsoft (MSFT) and Wells Fargo (WFC). Google (GOOG) has been the biggest loser out of the 30 biggest stocks so far this year with a decline of 4.44%. McDonald's (MCD) — which was one of the best performing stocks in 2011 — is down the second most at –4.43%.
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Markets should continue this positive trend & hope for stabilization.
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