Below is an updated snapshot of our trading range screen for the Dow 30. (Please read the description of how to analyze the screen at the bottom of this post.) 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. 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. As shown, Intel (INTC), McDonald's (MCD) and Microsoft (MSFT) all got hit by poor earnings, and they're trading in extreme oversold territory. 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. 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. At the moment, 28 Dow stocks are in the green for the year, while 2 are in the red. Alcoa (AA) and Caterpillar (CAT) are the two 2013 losers, while Hewlett Packard (HPQ) is the biggest winner with a gain of 79.16%. Other big winners include Boeing (BA), United Health (UNH), Johnson & Johnson (JNJ), American Express (AXP), Cisco (CSCO) and Disney (DIS).
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