All but 5 of the 30 Dow stocks remain in oversold territory, and none are overbought. Within the oversold names, it’s split about 50/50 between stocks that have moved higher within their range over the last week and stocks that have moved lower. Intel (INTC) is a notable standout for its strength over the last week — moving up to test its 50-day moving average. On the downside, we’re seeing key Health Care names like Johnson & Johnson (JNJ), Merck (MRK), Pfizer (PFE) and UnitedHealth (UNH) roll over. After a massive run over the last couple of years, the Health Care sector as a whole looks to be on a slippery slope here.
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