The stock market continues to trade well into overbought territory, and the average stock in the Russell 1,000 is now 5.5% above its 50-day moving average (that's a lot). Below are the Russell 1,000 stocks that are currently the farthest above their 50-day moving averages. As shown, Allied Nevada Gold (ANV) ranks first at 31.27% above its 50-day, followed by Green Mountain Coffee (GMCR), Tahoe Resources (TAHO) and Pulte Homes (PHM).
For each stock on the list, we also include how far it is from its 52-week high. This way you can see if it is overbought in the midst of a long-term uptrend or a long-term downtrend.
Below are price charts of the ten Russell 1,000 stocks that are at least 15% above their 50-days and within 10% of their 52-week highs. As you can see, they're all very extended here in the short term.
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