10 S&P stocks defying the downturn as 70% of the index trades below 200-day MA
Seeking Alpha News (Tue, 15-Apr 2:24 PM)
As Wall Street contends with market uncertainty, a deeper look at the benchmark S&P 500 (SP500) reveals a sobering trend. Of the 500 companies that make up the index, only 150 are currently trading above their respective 200-day moving averages which is a widely followed technical indicator that helps investors gauge long-term market momentum.
The disparity underscores growing investor caution amid mounting economic headwinds, including ongoing trade tensions and tariff concerns that have weighed heavily on equities in recent weeks.
Despite the market pullback, certain stocks have managed to defy the trend, maintaining strong technical footing and distancing themselves from the broader selloff. Below, Seeking Alpha spotlighted the 10 stocks inside the S&P 500 that currently sit the highest above their 200-day moving averages.
No. 10: Mckesson Corporation (NYSE:MCK), 18.62% above 200-day MA.
No. 9: T-Mobile US (NASDAQ:TMUS), 19.64% above 200-day MA.
No. 8: Netflix (NASDAQ:NFLX), 20.09% above 200-day MA.
No. 7: EQT Corp (NYSE:EQT), 20.10% above 200-day MA.
No. 6: CenterPoint Energy Inc (NYSE:CNP), 20.52% above 200-day MA.
No. 5: AT&T (NYSE:T), 21.11% above 200-day MA.
No. 4: Take-Two Interactive Software (NASDAQ:TTWO), 21.51% above 200-day MA.
No. 3: Philip Morris International (NYSE:PM), 23.22% above 200-day MA.
No. 2: Verisign Inc. (NASDAQ:VRSN), 24.68% above 200-day MA.
No. 1: Palantir Technologies (NASDAQ:PLTR), 62.18% above 200-day MA.
Year-to-date price action: MCK +21.5%, TMUS +21.1%, NFLX +10.6%, EQT +9.7%, CNP +17.6%, T +20.9%, TTWO +16.3%, PM +32.7%, VRSN +20.9%, and PLTR +28.6%.
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