The Dow Jones Industrial Average closed at 17,663.54 on Friday the previous week, for a solid gain of 8.5% in October, which lowers the year-to-date decline to just 0.9%, and pulls the average just 3.7% below its all-time intraday high of 18,351.36 set on May 19.

The five Dow stocks with the biggest gains in October were; Chevron, DuPont, General Electric, McDonald’s and Microsoft. Among these Chevron, GE and McDonald’s are three of the six “Dogs of the Dow” Of 2015.

Chevron (CVX) +0.00% 

closed at $90.88 on Friday previous week, up 15.2% in October but the stock is down 19% year-to-date and in bear market territory 32.7% below its all-time high of $135.10 set on July 24, 2014.

Courtesy of MetaStock Xenith

The weekly chart above is positive with the stock above its 5-week modified moving average of $86.88 with its 12x3x3 weekly slow stochastic rising to 72.07 last week up from 61.17 on Oct. 23. Chevron had been below its 200-week simple moving average since the week of Jan. 9 when the average was $111.95. The 52-week low of $69.58 set on Aug. 24, the day called “Black Monday” in China.

Strategy Guideline: Holding a monthly value level of $86.23 targets a quarterly pivot of $92.96.

DuPont (DDS) closed at $63.40 on Friday previous week, up 31.5% in October, but is down 14.3% year-to-date and in correction territory 17.2% below its all-time high of $76.61 set on March 13. The 52-week low of $47.11 was set on Sept. 29.

Courtesy of MetaStock Xenith

DuPont’s weekly chart is positive with the stock above its five-week modified moving average of $56.27 and above its 200-week simple moving average of $56.26. The 12x3x3 weekly slow stochastic reading rose to 64.78 last week up from 49.14 on Oct. 23.

Strategy Guideline: An annual pivot is $50.11 with a quarterly risky level of $66.83, where profits should be taken.

Print Friendly, PDF & Email