Investors In These 6 Dow Stocks Are Having A Good Year So Far

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. Eight of the 30 Dow stocks had gains at the end of September, but only six had gains of 5% or more.

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Disney (DISclosed at $102.20 on Sept. 30, up 8.5% year-to-date but in correction territory down 16.3% from its all-time intraday high of $122.08 set on Aug. 4. The daily chart shows that the stock failed at its 200-day simple moving average of $105.43 on Sept. 17 in reaction to the FOMC’s decision not to raise rates. The stock will soon have the warning of a “death cross” where the 50-day simple moving average of $106.56 declines below the 200-day.

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Courtesy of MetaStock Xenith

Disney’s weekly chart is negative with the stock below its five-week modified moving average of $104.25 with its 12x3x3 weekly slow stochastic reading projected to decline to 38.19 this week, down from 38.93 on Sept. 25. Disney’s stock has been above its 200-week simple moving average since the week of Oct. 7, 2011 when this average was $31.37, now at $72.42.

Home Depot (HD) +0.00% closed at $115.49 on Sept. 30, up 10% year-to-date but down 6.7% from its all-time intraday high of $123.80 set on Aug. 18. The daily chart shows that the stock is between its 200-day simple moving average of $112.06 and its 50-day simple moving average of $116.37.

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HDWF

Courtesy of MetaStock Xenith

Home Depot’s weekly chart is neutral with the stock just below its five-week modified moving average of $115.70 with its 12x3x3 weekly slow stochastic reading projected to rise to 73.94 this week, up from 73.58 on Sept. 25. The stock has been above its 200-week simple moving average since the week of Aug. 12, 2011 when this average was $28.79, now at $78.95.

McDonald’s (MCDclosed at $98.53 on Sept. 30, up 5.2% year-to-date but down 5.1% from its all-time intraday high of $103.78 set on May 14, 2014. McDonald’s daily chart shows that the stock is above its 50-day and 200-day simple moving averages of $97.47 and $96.15, respectively.

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MCDWF

Courtesy of MetaStock Xenith

Its weekly chart is positive with McDonald’s stock above its five-week modified moving average of $97.44 and its 200-week simple moving average of $95.71. The weekly stochastic reading is projected to rise to 65.16 this week up from 62.20 on Sept. 25.

Nike (NKE) +0.81% had a close of $122.97 on Sept. 30, up 27.9% year-to-date and down just 2.4% from its all-time intraday high of $125.95 set on Sept. 25. The daily chart shows that the stock well above its 50-day and 200-day simple moving averages of $113.68 and $103.39, respectively.

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NKEWF

Courtesy of MetaStock Xenith

Nike’s weekly chart is positive but overbought with the stock above its five-week modified moving average of $116.14 and its 200-week simple moving average of $72.84. The weekly stochastic reading is projected to rise to 82.28 this week up from 77.42 on Sept. 25. Remember that a reading above 80.00 is overbought.

UnitedHealth (UNHclosed at $116.01 on Sept. 30, up 14.8% year-to-date and down 8.1% from its all-time intraday high of $126.21 set on Aug. 18. UNH’s daily chart shows that the stock is just above its 200-day simple moving average of $115.51 and below its 50-day simple moving average of $118.92.

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Courtesy of MetaStock Xenith

UnitedHealth’s weekly chart is neutral with the stock below its five-week modified moving average of $117.98 with its weekly stochastic reading projected to rise to 69.41 this week up from 66.81 on Sept. 25. The 200-week simple moving average was last tested during the week of Dec. 31, 2010 when the average was $36.01, now at $77.16.

Visa (V) +0.00% closed at $69.66 on Sept. 30, up 6.3% year-to-date and down 9.4% from its all-time intraday high of $76.92 set on July 24. The daily chart shows that the stock just above its 200-day simple moving average of $68.30 and below its 50-day simple moving average of $71.97.

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VWF

Courtesy of MetaStock Xenith

Visa’s weekly chart is negative with the stock below its five-week modified moving average of $70.72 with its weekly stochastic reading projected to decline to 61.53 this week down from 62.60 on Sept. 25. The 200-week simple moving average is at $48.57.

Disclosure: I have no positions in Disney, Home Depot, McDonald’s, Nike UnitedHealth or Visa.

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