The Dow Jones Industrial Average ended the first three quarters of 2015 in correction territory, down 8.6% year-to-date and 11.3% below its all-time intraday high of 18,351.36 set on May 19. Eight of the 30 Dow stocks had gains at the end of September, but only six had gains of 5% or more.
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Disney (DIS) closed at $102.20 on Sept. 30, up 8.5% year-to-date but in correction territory down 16.3% from its all-time intraday high of $122.08 set on Aug. 4. The daily chart shows that the stock failed at its 200-day simple moving average of $105.43 on Sept. 17 in reaction to the FOMC’s decision not to raise rates. The stock will soon have the warning of a “death cross” where the 50-day simple moving average of $106.56 declines below the 200-day.
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Courtesy of MetaStock Xenith
Disney’s weekly chart is negative with the stock below its five-week modified moving average of $104.25 with its 12x3x3 weekly slow stochastic reading projected to decline to 38.19 this week, down from 38.93 on Sept. 25. Disney’s stock has been above its 200-week simple moving average since the week of Oct. 7, 2011 when this average was $31.37, now at $72.42.
Home Depot (HD) +0.00% closed at $115.49 on Sept. 30, up 10% year-to-date but down 6.7% from its all-time intraday high of $123.80 set on Aug. 18. The daily chart shows that the stock is between its 200-day simple moving average of $112.06 and its 50-day simple moving average of $116.37.
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Courtesy of MetaStock Xenith
Home Depot’s weekly chart is neutral with the stock just below its five-week modified moving average of $115.70 with its 12x3x3 weekly slow stochastic reading projected to rise to 73.94 this week, up from 73.58 on Sept. 25. The stock has been above its 200-week simple moving average since the week of Aug. 12, 2011 when this average was $28.79, now at $78.95.
McDonald’s (MCD) closed at $98.53 on Sept. 30, up 5.2% year-to-date but down 5.1% from its all-time intraday high of $103.78 set on May 14, 2014. McDonald’s daily chart shows that the stock is above its 50-day and 200-day simple moving averages of $97.47 and $96.15, respectively.
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