Dow Member Trading Range Screen (Bespoke)

by Bespoke Investment Group

A lot of stocks have been taken out to the woodshed this week, as anyone with a diversified portfolio likely knows.  But many of the Dow 30 stocks are holding up well.  As shown in our Dow member trading range screen below, seven stocks in the Dow are still overbought (more than one standard deviations above their 50-DMAs).  The list of overbought stocks is made up of Boeing (BA), Home Depot (HD), Kraft (KFT), McDonald's (MCD), Merck (MRK), Pfizer (PFE), and Verizon (VZ).  Only three stocks in the Dow are currently oversold -- Alcoa (AA), Bank of America (BAC), and Du Pont (DD).  The other 20 stocks in the index are currently in neutral territory within their "normal" trading ranges.

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