Dogs Of The Dow
Yesterday I covered the 5 best Dow Industrial stocks today I'll cover the 5 Dogs of the Dow. To find them I used Barchart to sort the Dow Jones Industrial 30 stocks to find the 5 stocks with the highest technical sell signals.
Today's list includes Caterpillar (CAT), Microsoft (NASDAQ:MSFT), American Express (NYSE:AXP), International Business Machines (NYSE:IBM) and JP Morgan Chase (NYSE:JPM):
Caterpillar (NYSE:CAT)
Barchart technical indicators:
- 96% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 27.73% off its recent high
- Relative Strength Index 29.37%
- Recently traded at 80.74 which is below its 50 day average of 92.93
Microsoft (MSFT)
Barchart technical indicators:
- 88% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 16.35% off its recent high
- Relative Strength Index 28.44%
- Recently traded at 41.93 which is below its 50 day moving average of 47.13
American Express (AXP)
Barchart technical indicators:
- 80% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 14.11% off its recent high
- Relative Strength Index 29.25%
- Recently traded at 82.82 which is below its 50 day moving average of 90.40
International Business Machines (IBM)
Barchart technical indicators:
- 80% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 23.38% off its recent high
- Relative Strength Index 39.94%
- Recently traded at 152.95 which is below its 50 day moving average of 159.07
JP Morgan Chase (JPM)
Barchart technical indicators:
- 80% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 12.54% off its recent high
- Relative Strength Index 35.54%
- Recently traded at 55.21 which is below its 50 day moving average of 59.95
Disclosure: None.
How do the highest technical sell signals make these Dogs of the Dow? To my understanding 'Dogs of the Dow' has a specific meaning, i.e., having the highest dividend yield at the beginning of the year.