June 17, 2013 (Chinavestor) There are no overbought Dow components at the moment now that the Dow ended three out of last four weeks down. Hewlett Packard (NYSE:HNP) is trading closest to theoretical highs but is far from overbought as the following chart testifies. Verizon (NYSE:VZ), Pfizer (NYSE:PFE) and AT&T (NYSE:T) advanced but started out from a low base and are not considered overbought either.
June 14, 2013 (Chinavestor) Merck & Co. (NYSE:MRK) and Pfizer (NYSE:PFE) are the most active Dow components on the overbought chart below. Defensive stocks came to play when market hit a bump, it seems.
June 12, 2013 (Chinavestor) The Dow is trading mixed after the open on Wednesday and there are no easy trading opportunities either. See the overbought and oversold chart for all 30 Dow components.
May 31, 2013 (Chinavestor) Hewlett-Packard (NYSE:HPQ) resumed its rally after taking a breather earlier the week. But the stock is overbought again, limiting upside potential for the short run.
American Express (NYSE:AXP) and JP Morgan & Chase (NYSE:JPM) has sound momentum according to the overbought monitor.
May 23, 2013 (Chinavestor) JP Morgan Chase (NYSE:JPM) and Home Depot (NYSE:HD) are the two most overbought stocks among all 30 Dow components this morning. This implies both are vulnerable should market sentiment remain negative for the short term.
