Below is an updated look at our trading range screen for the 30 members of the Dow. Ā 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. Ā The dot represents where the stock is currently trading, while the tail represents where it was a week ago. Ā (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. Ā 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. Ā 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%. Ā Home Depot (HD) is the next biggest gainer at +50.59%. Ā 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).
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