Below is an updated look at our Dow 30 trading range screen, which is a quick and easy way to gauge momentum and overbought/oversold levels for the Dow’s 30 index members. For each stock, we also include its year-to-date percentage change and its current dividend yield.
In the trading range portion of the table below, the dot represents where the stock is currently trading in relation to its 50-day moving average, which is the black vertical “N” line. Moves into the red zone are considered overbought, while moves into the green zone are considered oversold. The reason we updated this screen today is because Apple (AAPL) has finally taken its place as the most overbought stock in the Dow again. It’s been a long time since that has been the case!
The large majority of stocks in the Dow remain above their 50-day moving averages, and 12 of 30 are still overbought. But that’s down from the 20 stocks that were overbought last week at this time. There are six stocks in the Dow currently below their 50-days, and all of them have seen big moves lower within their trading ranges over the last week. The biggest negative reversals have come from Coca-Cola (KO) and McDonald’s (MCD). Coca-Cola (KO) moved from above its 50-day to extreme oversold territory over the last week, while McDonald’s (MCD) moved from overbought to oversold.
Looking at year-to-date performance, Nike (NKE) is currently the biggest loser in the Dow with a drop of 11.67%. Goldman Sachs (GS) isn’t far behind, though, at -11.17%. Both of these names are relatively recent additions to the now 120-year old index. On the positive side, Caterpillar (CAT) is up the most year-to-date with a gain of 22.33%, followed closely by Johnson & Johnson (JNJ) and UnitedHealth (UNH).