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Dow 30 Trading Range Screen

Below is an updated look at our trading range screen for the 30 members of the Dow Jones Industrial Average.  At the moment, 20 of the 30 Dow stocks are trading in overbought territory, which means they're more than one standard deviation above their 50-day moving averages.  Just one stock -- IBM -- is oversold.

The most overbought stock in the Dow is currently Bank of America (BAC).  It's been a long time since BAC held the rank of most overbought, that's for sure.  Other stocks that are trading well into overbought territory include JP Morgan (JPM), General Electric (GE), Intel (INTC), Home Depot (HD), Microsoft (MSFT), Merck (MRK), and 3M (MMM).

In terms of 2012 performance, BAC currently ranks first with a YTD gain of 24.28% already.  Alcoa (AA) -- which reported earnings earlier this week -- has the second best gain so far in 2012 at 12.42%.  Verizon has gotten off to the worst start to the year of the 30 Dow members with a decline of 3.12%.

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