The Dow Jones Industrial Average begins the fourth quarter with a gain of 4.9% pulling the average out of correction territory, down 4.1% year-to-date and 6.9% below its all-time intraday high of 18,351.36 set on May 19. All 30 Dow stocks have gains so far in October, led by three stocks that are still in bear market territory and General Electric as the company continues to execute a turnaround story to shed financial assets.

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Here are the daily and weekly charts for the four Dow stocks with the best gains so far in October.

Here’s the daily chart for Caterpillar.

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Courtesy of MetaStock Xenith

Caterpillar (CAT) -1.45% closed at $71.30 on Friday for a gain of 9.1% so far this quarter, still down 22.1% year-to-date and 38.8% below its all-time high of $116.45 set on Feb. 23, 2012. The stock has been under a “death cross” since Oct. 28, 2014 when the 50-day simple moving average fell below its 200-day simple moving average indicating that additional share price weakness lies ahead. The stock closed at $101.16 that day.

The stock set its 52-week low of $62.99 on Sept. 28 and the 9.1% rally since then raises the earnings bar when the company reports quarterly results before the opening bell on Oct. 22. Keep in mind that this company  has business exposure in China.

Here’s the weekly chart for Caterpillar.

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Courtesy of MetaStock Xenith

The weekly chart is negative but oversold with the stock below its five-week modified moving average of $71.85 with its 12x3x3 weekly slow stochastic reading of 14.14 up from 12.05 on Oct. 2 with both readings well below the oversold reading of 20.00. The stock is also below its 200-week simple moving average of $91.28.

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Here’s the daily chart for Chevron.

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Courtesy of MetaStock Xenith

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