May 21, 2013 (Chinavestor) United Technologies (NYSE:UTX) and JP Morgan & Chase (NYSE:JPM) dethroned 3M Co. (NYSE:MMM) from the top of the overbought monitor following all 30 Dow components. Short term upside potential looks limited for both UTX and even more so for JPM according to the following chart. See details below.
May 17, 2013 (Chinavestor) Short term upside is limited for Cisco Systems (NASDAQ:CSCO) according to the overbought monitor this morning. The stock jumped to $23.89 by Thursday's close and is extreme...
May 16, 2013 (Chinavestor) There are two Dow components at the moment that are considered overbought. American Express (NYSE:AXP) is one and 3M Company (NYSE:MMM) is next. Both have reached theoretic...
May 15, 2013 (Chinavestor) Looking at today's overbought monitor, the Dow is not overbought. 3M Company (NYSE:MMM) is trading well above its trading envelope after a big run in the last two weeks. Be...
May 14, 2013 (Chinavestor) Merck & Co. (NYSE:MRK) and Pfizer (NYSE:PFE) were hand in hand up until yesterday from a technical point of view. We noted that both pharmaceuticals were on top of the ...
