Quick Charting the 12 Strong Trending Dow Stocks at 52 Week Highs

Jul 2, 2014: 1:44 PM CST

Of the 30 stocks in the Dow Jones Industrial Index, which 12 stand “head and shoulders” above the rest and continue to break through new 52-week highs?

Let’s start with the “Strong 12” as seen on a performance chart from 2014 to July 1:

The strongest trending stocks in the Dow Jones Index include American Express (AXP), Caterpillar (CAT), Disney (DIS), Johnson & Johnson (JNJ), Intel (INTC), Coca-Cola (KO), MMM, Merck (MRK), Microsoft (MSFT), Travelers (TRV), United Health (UNH), and Exxon-Mobil (XOM).

These stocks not only trade at or very near fresh new 52-week highs (for some, all time highs), but they also show strong bullish trends on their daily chart.

Let’s pull the perspective back to see the bullish trends spanning the last year:

A quick glance at the charts above reveals the strongest, most persistent trends continuing in Caterpillar (CAT), Disney (DIS), Johnson & Johnson (JNJ), Intel (INTC), MMM, Microsoft (MSFT).

If you prefer to trade using the strategy “Strong Stocks Getting Stronger,” you may want to start with these names and the potential for additional continuation of the strong trends already in motion.

Either way, we prefer to focus on stronger stocks showing relative strength as opposed to hoping to find a bottom (“catch a falling knife”) and rare reversal in weak, downtrending stocks (that will most likely continue to get weaker).

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Corey Rosenbloom, CMT
Afraid to Trade.com

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2 Comments

2 Responses to “Quick Charting the 12 Strong Trending Dow Stocks at 52 Week Highs”

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