Dow 30 Trading Ranges

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 |  Includes: CO, CSCO, DD, DIA, HPQ, IBM, INTC, MCD, MDLZ, MSFT, PFE, T, VZ
by: Bespoke Investment Group

Below (click to enlarge) we highlight our trading range portfolio screen for the 30 stocks in the Dow Jones Industrial Average. After yesterday's rally, just 5 of the 30 Dow stocks remain in oversold territory, while 7 are now overbought. One week ago more than half (16) of the index was oversold. Of the 5 stocks that remain oversold, 4 are in the Technology sector -- Microsoft (NASDAQ:MSFT), Cisco (NASDAQ:CSCO), Hewlett-Packard (NYSE:HPQ), and Intel (NASDAQ:INTC). Just one technology stock in the Dow is not oversold -- IBM. The most overbought stock in the Dow at the moment is Kraft Foods (KFT). Next comes McDonald's (NYSE:MCD), AT&T (NYSE:T), Coca-Cola (NYSE:KO), Verizon (NYSE:VZ), DuPont (NYSE:DD), and Pfizer (NYSE:PFE). Defensive names still rule the roost, but cyclicals are coming on strong after yesterday's big market gain.

Click to enlarge