Percentage of Stocks Above 50-Day Moving Averages

As shown below, 55% of stocks in the S&P 500 are currently trading above their 50-day moving averages.  The index itself is still trading below its 50-day, so breadth in this case is strong.  Looking at sectors, Energy and Consumer Discretionary have the highest percentage of stocks above their 50-days at 69%.  Consumer Staples ranks third at 64%.  Technology, Materials, Utilities, and Telecom are the four sectors with readings that are still below 50%.