Our popular Trend Analyzer tool comes in handy when market volatility picks up. Below is a snapshot of the 30 Dow stocks taken directly from our Trend Analyzer tool. In the “Trading Range” section, the dot represents where the stock is currently trading, 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 and green zones are considered overbought or oversold.
After trading in overbought territory for what seemed like an eternity, we’ve finally seen some mean reversion for equities. This is evidenced by the large move lower within trading ranges that you can see in the snapshot below. Apple (AAPL), Procter & Gamble (PG), and General Electric (GE) are now the most oversold Dow stocks, while DowDuPont (DWDP), Chevron (CVX), and UnitedHealth Group (UNH) are the Dow stocks that are down the most over the past week. Boeing (BA), Goldman Sachs (GS), and Travelers (TRV) are the only Dow stocks that are up over the past week.