« NAHB Sentiment Index Hits Six and a Half Year High | Main | Try Bespoke Premium Today! »
Tuesday
Dec182012

Dow 30 Trading Range Screen

Below is an updated look at our trading range screen for the 30 members of the Dow.  For each stock, the black neutral (N) line represents its 50-day moving average, while moves into the red and green shading are considered overbought or oversold.  The dot represents where the stock is currently trading, while the tail represents where it was a week ago.  (There is a longer description of how to read the charts at the bottom of the screen.)

As shown, the majority of Dow stocks have now moved back above their 50-days, and seven are now overbought.  Bank of America (BAC) and Caterpillar (CAT) are the most overbought Dow stocks, with Cisco (CSCO), JP Morgan (JPM) and Travelers (TRV) not far behind.  Just two Dow stocks remain oversold -- Merck (MRK) and Wal-Mart (WMT).

In terms of YTD performance, Bank of America (BAC) continues to separate itself from the pack with a huge gain of 97.84%.  Home Depot (HD) is the next biggest gainer at +50.59%.  Only five Dow stocks remain in the red for the year -- Caterpillar (CAT), Du Pont (DD), Intel (INTC), McDonald's (MCD) and Hewlett-Packard (HPQ).

animated gif