May 22, 2013 (Chinavestor) American Express (NYSE:AXP) reached theoretical highs and is expected to take a breather on Wednesday, according to the overbought chart below. Other Dow components are looking better from a technical point of view. Chevron (NYSE:CVX) and Exxon Mobile (NYSE:XOM) are not overbought but are trading above their trading ranges. Downside risk is on the rise, something prudent investors should keep in mind.
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. Shor...
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...
