The average Dow 30 stock is now down more than 1% year-to-date.  Below is a look at our trading range screen for the Dow’s index members now that the first half of 2015 is behind us.  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, and moves into the red or green zone are considered overbought or oversold.

As shown, 23 of 30 Dow stocks are now in oversold territory, and most are deeply oversold.  That’s what happens when you get a 350-point down day in a tight market like we saw on Monday.  Cisco (CSCO) is the most oversold stock in the index at more than 3 standard deviations below its 50-day.  Other stocks that are at extreme oversold levels include Du Pont (DD), General Electric (GE), Intel (INTC), Coca Cola (KO) and United Tech (UTX).

While 23 Dow stocks are oversold, there are three that are still overbought — Disney (DIS), Nike (NKE) and UnitedHealth (UNH).  There are three of the four stocks in the index that are up the most on the year as well.  The fourth is Apple (AAPL), which is oversold right now but still up 13.6% year-to-date.

The biggest winner in the Dow at the halfway mark is Disney with a gain of 21%.  Wal-Mart (WMT) is down the most YTD with a decline of 17%.

For more analysis of the first half of 2015 and what’s to come in the second half, be sure to sign up for one of our three Bespoke subscription services.  You can learn more here.

dow1st half


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