Friday, July 02, 2010

Percentage of S and P 500 Stocks Above 50-Days Down to 4%

via Steve Cook

The percentage of stocks in the S&P 500 now trading above their 50-day moving averages is down to 4%.  At the March 2009 lows, the reading only got down to 5%, so that gives investors a good idea of just how extreme this decline has gotten.

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