Below is an updated snapshot of our trading range screen for the Dow 30. Ā (Please read the description of how to analyze the screen at the bottom of this post.) Ā With the S&P 500 trading well above its 50-day moving average once again, most stocks are back in steady uptrends and even in overbought territory. Ā But there have certainly been some high profile earnings misses, leaving these stocks as outliers in oversold territory.
You can quickly identify the outliers in the Dow 30 screen below. Ā As shown, Intel (INTC), McDonald's (MCD) and Microsoft (MSFT) all got hit by poor earnings, and they're trading in extreme oversold territory. Ā IBM also got hit last week but it has clawed its way out of oversold territory today.
On the overbought side, Bank of America (BAC), General Electric (GE), Johnson & Johnson (JNJ), United Health (UNH), 3M (MMM), United Tech (UTX) and Exxon Mobil (XOM) are all at extremes, with BAC, GE and UNH at the most overbought levels. Ā Overall, 16 Dow stocks are currently overbought, while 3 are oversold.
In the screen below, we also highlight the year-to-date performance of the 30 Dow stocks. Ā At the moment, 28 Dow stocks are in the green for the year, while 2 are in the red. Ā Alcoa (AA) and Caterpillar (CAT) are the two 2013 losers, while Hewlett Packard (HPQ) is the biggest winner with a gain of 79.16%. Ā Other big winners include Boeing (BA), United Health (UNH), Johnson & Johnson (JNJ), American Express (AXP), Cisco (CSCO) and Disney (DIS).
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