Since its the 6th anniversary of the 2009 bear market lows today, below we provide our Dow 30 trading range screen with performance numbers since 3/9/09 included.
In terms of short term action, all 30 Dow members have moved lower within their trading ranges over the last week. For reference, the dot represents where each stock is currently trading within its range, while the tail end represents where it was one week ago. Just ten Dow members remain in overbought territory (>1 standard deviation above the 50-day moving average), while eight have moved into oversold territory. Oversold stocks are more attractive that overbought stocks, but you want to avoid them until they have put in a bottom and gain upward momentum. Right now all of the oversold stocks in the Dow have downward momentum.
Moving on to the performance of current Dow stocks since March 9th, 2009, as shown, American Express (AXP) is up the most with a gain of 657.42%. AXP has experienced a spate of bad news recently, but its gains during this bull market have been remarkable.
Walt Disney (DIS) has been the second best performing Dow stock during the bull market with a gain of 574%. UnitedHealth (UNH) ranks third with a gain of 544% (note that UNH wasn’t a Dow member back in March 2009), while Home Depot (HD) ranks fourth at +531.7%. Other Dow stocks up more than 300% since 3/9/09 include Boeing (BA), Du Pont (DD), Nike (NKE) and Visa (V).
With a gain of just 32%, the worst performing stock in the Dow since the 3/9/09 low is the biggest company in the index by market cap — Exxon Mobil (XOM). The title of “biggest Dow stock” won’t last long, though, since Apple (AAPL) is being added soon. There are seven other Dow stocks up less than 100% since the 3/9/09 low — Chevron (CVX), IBM, McDonald’s (MCD), Procter & Gamble (PG), Verizon (VZ) and Wal-Mart (WMT).