by Bespoke Invest­ment Group

Below is our trad­ing range screen for the 30 stocks in the Dow Jones Indus­trial Aver­age.  The screen allows view­ers to quickly ana­lyze the recent trad­ing pat­terns of a bas­ket of stocks.  For each stock, the screen shows where it is cur­rently trad­ing within its nor­mal trad­ing range (the dot) along with where it was trad­ing a week ago (the tail).  The light red and light green shad­ing rep­re­sents between one and two stan­dard devi­a­tions above and below the stock's 50-day mov­ing aver­age, while the dark red and dark green shad­ing rep­re­sents between two and three stan­dard devi­a­tions above and below the 50-day.  Moves into the light shad­ings are con­sid­ered over­bought or over­sold, and moves into the dark shad­ings rep­re­sent extreme over­bought or over­sold levels.

As shown, just two stocks in the Dow are cur­rently over­sold (AA and JNJ), while six­teen are over­bought.  Chevron (CVX), Trav­el­ers (TRV), Wal-Mart (WMT), and Exxon (XOM) are in extreme over­bought ter­ri­tory and may be due for a pull­back or at least some side­ways trad­ing action in the near term.  At the least, it would prob­a­bly be smart to hold off on get­ting long any of these names at these lev­els.  Gen­eral Elec­tric (GE), Home Depot (HD), and Proc­ter & Gam­ble (PG) are right on the edge of extreme over­bought territory.

For those inter­ested in run­ning a port­fo­lio of stocks through our trad­ing range screen, this fea­ture is avail­able to Bespoke Pre­mium Plus mem­bers.  Click here to sign up today.

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