Tuesday 23 July 2013

Dow Overbought/Oversold

From Bespoke Invest comes their regular table showing what's overbought and oversold (based on movement outside standard deviation) in the Dow:


 As shown, Intel (INTC), McDonald's (MCD) and Microsoft (MSFT) all got hit by poor earnings, and they're trading in extreme oversold territory.  IBM also got hit last week but it has clawed its way out of oversold territory today.
On the overbought side, Bank of America (BAC), General Electric (GE), Johnson & Johnson (JNJ), United Health (UNH), 3M (MMM), United Tech (UTX) and Exxon Mobil (XOM) are all at extremes, with BAC, GE and UNH at the most overbought levels.  Overall, 16 Dow stocks are currently overbought, while 3 are oversold.
In the screen below, we also highlight the year-to-date performance of the 30 Dow stocks.  At the moment, 28 Dow stocks are in the green for the year, while 2 are in the red.  Alcoa (AA) and Caterpillar (CAT) are the two 2013 losers, while Hewlett Packard (HPQ) is the biggest winner with a gain of 79.16%.  Other big winners include Boeing (BA), United Health (UNH), Johnson & Johnson (JNJ), American Express (AXP), Cisco (CSCO) and Disney (DIS).




No comments:

Post a Comment