Bespoke Premium Plus members have the ability to run their portfolios through a number of screens that we provide. One of these screens is our trading range screen, which allows clients to view where a large number of stocks are trading from an overbought/oversold perspective on one simple page. Below we have run the screen on the 30 stocks that make up the Dow Jones Industrial Average. For each stock, the light and dark green shading represents oversold territory, while the light and dark red shading represents overbought territory. The Neutral line represents the 50-day moving average. The dot for each stock shows where it is currently trading, while the tail shows where it was one week ago.
This screen allows users to quickly identify which stocks in their portfolio have upside or downside momentum, and which ones may be getting overheated or deeply oversold. For the Dow, 16 of the 30 members are now in overbought territory, although just two (KO and WMT) are in extreme overbought territory. Just three Dow stocks are oversold -- AA, CSCO and HPQ. Of these three, CSCO still has downside momentum, while AA has seen a pickup lately and may have more upside. Of the stocks in Neutral territory, American Express (AXP), Caterpillar (CAT) and IBM currently have the most upside momentum, while McDonald's (MCD), Pfizer (PFE) and United Tech (UTX) have downside momentum.
Become a Premium Plus member today to have Bespoke run your portfolio through our trading range screen!