With markets pulling back sharply today, we thought it was a good time to update our trading range screen for the 30 stocks that make up the Dow Jones Industrial Average. This is also the first time we have run the screen with new-addition Apple (AAPL) included.
For each stock, the dot represents where it is currently trading, while its tail end represents where it was trading one week ago. The black vertical “N” line represents its 50-day moving average, while moves into the red or green zones are considered overbought or oversold.
Last week at this time a good chunk of stocks in the Dow were overbought, but that’s no longer the case. McDonald’s (MCD), Nike (NKE) and UnitedHealth (UNH) are the three remaining overbought Dow stocks, while six stocks in the index are now oversold. Just over half of the Dow’s index members are below their 50-days, so breadth for the index currently tilts slightly negative.
The average stock in the Dow is now flat year-to-date. Intel (INTC) is by far the biggest loser in 2015 with a decline of 17%. American Express (AXP) and Caterpillar (CAT) are the two other Dow names down more than 10% year-to-date.