The Dow Jones Industrial Average is currently outperforming the S&P 500 and Nasdaq in 2011 with a year to date gain of 5.82%. The S&P 500 is up 4.29% YTD, while the Nasdaq is up just 3.69%. Below we provide our trading range screen for the Dow's 30 index members.
For each stock below, the dot on the trading range screen represents where the stock is currently trading within its normal trading range (see the bottom of the table for a description). The end of the tail shows where the stock was trading within its trading range one week ago.
Last Thursday at this time, 17 stocks in the Dow were in overbought territory, while just one (Intel) was oversold. As of today, just 6 stocks are in overbought territory, while 6 are oversold as well. The 6 remaining overbought names are KFT, MCD, KO, PFE, MRK, and T -- all relatively non-cyclical in nature. The 6 oversold names are BAC, DIS, HPQ, INTC, JPM, and MSFT -- 2 financials, 3 techs, and 1 consumer discretionary. Kraft Foods (KFT) is by far the most overbought name in the Dow at the moment, while Intel is the most oversold.
In terms of year to date performance, Cisco (CSCO) is down the most of any stock in the index at -15.76%. The next closest on the downside is Microsoft (MSFT) at -8.51% YTD. Caterpillar (CAT) is up the most of any stock in the Dow in 2011 with a gain of 20.28%. Chevron (CVX) is up the second most with a gain of 18.38%, while Pfizer (PFE), yes Pfizer!, ranks 3rd with a YTD gain of 17.02%. Interestingly, the other two health care names in the index -- JNJ & MRK -- are both down year to date.
Copyright © Bespoke Investment Group
