Trading Range Screen for the 30 Largest US Stocks

The S&P 500 has now bounced 3.05% from its April clos­ing low on the 10th.  The index now needs to gain 1.48% to take out its bull mar­ket clos­ing high of 1,419.04.  Below is an update of our trad­ing range screen for the 30 largest stocks in the S&P 500.  The dots indi­cate where the stock is cur­rently trad­ing, while the end of the tail shows where the stock was trad­ing one week ago.  A green dot means the stock has moved higher within its trad­ing range over the last week, while a red dot means the stock has moved lower.
For each stock, the neu­tral (N) zone rep­re­sents between one stan­dard devi­a­tion above and below its 50-day mov­ing aver­age.  The light red shad­ing rep­re­sents between one and two stan­dard devi­a­tions above the 50-day, and vice versa for the light green shad­ing.  The dark red shad­ing rep­re­sents between two and three stan­dard devi­a­tions above the 50-day, and vice versa for the dark green shad­ing.  Moves into the red shad­ing are con­sid­ered over­bought, while moves into the green shad­ing are con­sid­ered oversold.
Just 5 of the stocks shown have moved lower within their trad­ing ranges over the last week, while 25 have moved higher.  John­son & John­son (JNJ), AT&T (T) and Ver­i­zon (VZ) have had the biggest moves higher since last Thursday's close.
At the moment, 8 of the 30 largest S&P 500 stocks are in over­bought ter­ri­tory, while 4 are over­sold.  Four stocks are in extreme over­bought ter­ri­tory — AT&T (T), Pfizer (PFE), Coca-Cola (KO) and Ver­i­zon (VZ).  The 4 over­sold stocks are Wal-Mart (WMT) — which was over­bought last week, Cisco (CSCO), McDonald's (MCD) and Cono­coPhillips (COP).
Look­ing at year to date per­for­mance, the biggest stock in the S&P 500 (and in the world) — Apple (AAPL) — is up the most out of all the stocks listed with a gain of 50.54%.  Bank of Amer­ica (BAC) ranks a close sec­ond with a YTD gain of 49.19%, fol­lowed by JP Mor­gan (JPM), Cit­i­group ©, Microsoft (MSFT) and Wells Fargo (WFC).  Google (GOOG) has been the biggest loser out of the 30 biggest stocks so far this year with a decline of 4.44%.  McDonald's (MCD) — which was one of the best per­form­ing stocks in 2011 — is down the sec­ond most at –4.43%.
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