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TheStreet Open House

Buy-Rated Dow Components Slip To Ten

Stocks in this article: BAGEHDJNJKOMCDPGTUTXVZWMT

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

General Electric (GE) ($23.77 vs. $23.66 May 22) set its multi-year high at $24.13 on May 22 when the Dow set its all-time high at 15,542.40. The weekly chart profile remains positive with a close this week above the five-week modified moving average (MMA) at $23.29. My monthly value level is $21.90 with this week's risky level at $24.67.

Home Depot (HD) ($76.14 vs. $78.71 on May 22) set another all time high at $81.56 on May 22 contributing to the Dow's all-time high. The weekly chart profile is positive but overbought with the five-week MMA at $76.14. My quarterly value level is $68.76 with a monthly risky level at $78.33.

Johnson and Johnson (JNJ) ($85.63 vs. $88.59 on May 22) set another multi-year high at $89.99 on May 22 contributing to the Dow's all-time high. The weekly chart profile shifts to negative on a close this week below the five-week MMA at $84.63. My quarterly value level is $81.05 with a monthly pivot at $85.71 and weekly risky level at $86.72.

Coca Cola (KO) ($40.68 vs. $42.34 on May 22) set a multi-year high at $43.43 on May 16 peaking before the Dow. The weekly chart stays negative given a close this week below its five-week MMA at $41.15. My monthly value level is $39.86 with a weekly pivot at $40.40 and quarterly risky level at $41.53.

McDonalds (MCD) ($98.74 vs. $102.14 on May 22) set a multi-year high at $103.70 on April 12 well before the Dow peaked. The weekly chart stays negative given a close this week below the five-week MMA at $99.20. My monthly value level is $96.74 with an annual pivot at $99.38 and weekly risky level at $99.53, which was tested at Monday's high.

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DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

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