Since voting began earlier this month, 149 members of the Stockpickr community have joined together to select the 10 most bullish stocks of the Dow Jones Industrial Average. Before announcing the consensus-built portfolio, which is designed to beat the average, the
SPDR Dow Jones Industrial Average ETF
, let's take a look at how this exchange-traded fund, based on the world's most recognizable blue-chip benchmark, is doing.
Considering the SPDR Dow Jones Industrial Average ETF from a technical analysis point of view, we see that the DIA set a higher high on April 26. That would be fine had the ETF not set a lower low on June 7. The fund has battled back, rising 3.2% month-to-date and 1.3% year-to-date through June 18, to just above even money since year-end.
The most intuitive of the technical analysis methods is the moving-average crossover. When the line of a short-term moving average crosses a longer-term moving average from below, that is a bullish signal. Looking at DIA, we see that the 5-day moving average has broken up through the 10-day moving average. This short-term bullishness is confirmed by the 10-day average crossing the 20-day average.
These bullish signals potentially make it a good time to buy the SPDR Dow Jones Industrial Average ETF. But why be satisfied with just "good" when nearly 150 members of the Stockpickr community has selected the
that it expects to outperform.
Topping the list is
, with 73 votes;
, with 66 votes; and
, with 63 votes. Here's the full list, and you can
over the coming week on Stockpickr.
-- Reported by Kevin Baker in Jupiter, Fla.
Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.