Investors With These 6 Stocks Have Wounded Portfolios

The Dow Jones Industrial Average ended the first three quarters of 2015 in correction territory down 8.6% year-to-date and 11.3% below its all-time intraday high of 18,351.36 set on May 19.

Originally appeared on Forbes on October 1, 2015.

The Dow Jones Industrial Average ended the first three quarters of 2015 in correction territory down 8.6% year-to-date and 11.3% below its all-time intraday high of 18,351.36 set on May 19. Six of the 30 Dow stocks ended September in bear market territory, down by more than 20% so far in 2015.

DOW30Forbes093015

Here are the weekly charts for the six Dow stocks with the largest year-to-date pains.

American Express closed at $74.13 on Sept. 30, down 20.3% year-to-date. The stock has been under a “death cross” since Feb. 3 when the stock closed at $83.73. By definition a death cross occurs when the 50-day simple moving average crosses below the 200-day indicating that further declines lie ahead. The 50-day and 200-day simple moving averages are now at $76.60 and $80.51, respectively.

AXPWF

Courtesy of MetaStock Xenith

American Express’ weekly chart is negative with the stock below its five-week modified moving average of $75.96 with its 12x3x3 weekly slow stochastic reading projected to decline to 37.58 this week, down from 39.54 on Sept. 25. The stock is just above its 200-week simple moving average at $73.81.

Chevron closed at $78.88 on Sept. 30, down 29.7% year-to-date. The stock has been under a death cross since Oct. 21 when the stock closed at $115.09. The 50-day and 200-day simple moving averages are now at $81.30 and $99.17, respectively.

CVXWF

Courtesy of MetaStock Xenith

Chevron’s weekly chart is neutral with the stock below its five-week modified moving average of $80.64 with its 12x3x3 weekly slow stochastic reading projected to rise to 24.84 this week, up from 21.40 on Sept. 25. The stock is well below its 200-week simple moving average at $112.29.

DuPont closed at of $48.20 on Sept. 30, down 34.8% year-to-date. The stock has been under a death cross since June 10 when the stock closed at $66.20. The 50-day and 200-day simple moving averages are now at $51.70 and $64.23, respectively.

DDWF

Courtesy of MetaStock Xenith

DuPont’s weekly chart is negative but oversold with the stock below its five-week modified moving average of $50.73 and below its 200-week simple moving average of $55.93. Its 12x3x3 weekly slow stochastic reading projected to rise to 5.80 this week, up from 5.59 on Sept. 25, both well below the oversold threshold of 20.00.

Procter & Gamble  had a close of $71.94 on Sept. 30, down 21% year-to-date. The stock has been under a death cross since April 1 when the stock closed at $82.32. The 50-day and 200-day simple moving averages are now at $73.21 and $81.07, respectively.

PGWF

Courtesy of MetaStock Xenith

PG’s weekly chart is neutral with the stock below its five-week modified moving average of $72.45 and below its 200-week simple moving average of $76.48. Its 12x3x3 weekly slow stochastic reading projected to rise to 28.59 this week, up from 24.36 on Sept. 25.

United Technologies closed at $88.99 on Sept. 30, down 22.6% year-to-date. The stock has been under a death cross since July 22 when the stock closed at $101.55. The 50-day and 200-day simple moving averages are now at $94.47 and $111.16, respectively.

UTXWF

Courtesy of MetaStock Xenith

UTX’s weekly chart is negative but oversold with the stock below its five-week modified moving average of $93.29 and below its 200-week simple moving average of $98.99. Its 12x3x3 weekly slow stochastic reading projected to decline to 12.57 this week, down from 13.06 on Sept. 25. Both readings are well below the oversold threshold of 20.00.

Wal-Mart (WMTclosed at $64.84 on Sept. 30, down 24.5% year-to-date. The stock has been under a death cross since May 11 when the stock closed at $78.10. The 50-day and 200-day simple moving averages are now at $67.63 and $77.21, respectively.

WMTWF

Courtesy of MetaStock Xenith

Wal-Mart’s weekly chart is negative but oversold with the stock below its 5-week modified moving average of $66.12 and below its 200-week simple moving average of $73.67. Its 12x3x3 weekly slow stochastic reading projected to rise to 19.50 this week, up from 17.51 on Sept. 25. Both readings are below the oversold threshold of 20.00.

Disclosure:

I have no positions in American Express, Chevron ,DuPont , Procter & Gamble, United Technologies or Wal-Mart.

Comments