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The Best And Worst Performing Industries Over And Under The SMA 50

Published 08/30/2012, 03:13 AM
Updated 07/09/2023, 06:31 AM
Here is a summary list of industries that are showing strong up- and downward momentum during recent sessions, based on an analysis of 50-day simple moving average trends (SMA50).

There are two ways to categorize industries: upward momentum (trades above the SMA50) and downward momemtum (trades below the SMA50).

We’ve created this list of upper and lower extremes, based on medium-term momentum trends of more than 220 industries.

Upward Momentum Trends: Industries With The Highest Number of Stocks Trading Above The SMA50

Air Service Companies: 7/7 stocks above SMA50 (100%)
Auto Dealerships: 11/11 stocks above SMA50 (100%)
Foreign Banks: 10/10 stocks above SMA50 (100%)
Home Health Care: 6/6 stocks above SMA50 (100%)
Residential Construction: 16/16 stocks above SMA50 (100%)
Silver: 10/10 stocks above SMA50 (100%)
Networking and Communication Devices: 13/14 stocks above SMA50 (92.86%)
Food Producers: 11/12 stocks above SMA50 (91.67%)
Hotel/Motel REITs: 10/11 stocks above SMA50 (90.91%)
Investment Brokerage: 9/10 stocks above SMA50 (90%)

Industries With The Lowest Number of Stocks Trading Above The SMA50 (Downward Momentum)

Major Airlines: 0/6 stocks above SMA50 (0%)
Regional Airlines: 3/11 stocks above SMA50 (27.27%)
General Entertainment: 2/7 stocks above SMA50 (28.57%)
Education and Training Services: 8/27 stocks above SMA50 (29.63%)
Trucking: 6/20 stocks above SMA50 (30%)
Air Delivery and Freight Services: 3/10 stocks above SMA50 (30%)
Aluminum: 2/6 stocks above SMA50 (33.33%)
Electric Utilities: 16/47 stocks above SMA50 (34.04%)
Meat Products: 3/8 stocks above SMA50 (37.5%)
Steel and Iron: 11/28 stocks above SMA50 (39.29%)

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