Below is an updated look at our Dow 30 trading range screen. For each stock, the dot represents where it’s currently trading within its range, while the tail end represents where it was trading one week ago. The black vertical “N” line represents each stock’s 50-day moving average, while moves into the red or green zone are considered overbought or oversold.
The 30 members of the Dow remain mostly scattered, with 11 currently overbought and 5 oversold. Most names have experienced upside momentum over the last week, especially stocks like 3M (MMM), Verizon (VZ), IBM, General Electric (GE), and Home Depot (HD). Cisco (CSCO), Johnson & Johnson (JNJ), Pfizer (PFE), and Visa (V) are the four names that have seen downside momentum since last week at this time.
On a year-to-date basis, the average Dow stock is up 2.5%. Goldman Sachs (GS) is down the most with a decline of 18.2%, while UnitedHealth (UNH), Verizon (VZ), Wal-Mart (WMT), and Exxon Mobil (XOM) are up the most.