Four Second-Half Turnaround Stories Are Stocks Of The Dow

The Dow Jones Industrial Average ended last week on July 10 with a close of 17,760.41, down just 0.4% year-to-date and 3.2% below its all-time intraday high of 18,351.36 set on May 19. The Dow 30 is below its 50-day simple moving average of 17,970 and volatility since June 29 the index has traded back and forth around the 200-day simple moving average of 17,699 in each session. The Dow began the second half of 2015 with a modest gain of 0.8%.

The four turnaround stocks were first half losers that began the second half with solid gains. Coca Cola (KO) is up 3% so far in July shaving its year-to-date loss to 4.3%. Procter & Gamble (PG) is up 3.5% month-to-date cutting its year-to-date loss to 11.1%. Travelers (TRV) is up 4.5% so far in July and its year-to-date loss is down to 4.6%. Wal-Mart (WMT) is up 3.1% so far in the second half trimming its year-to-date loss to 14.9%.

Here are the weekly charts for the four turnaround Dow stocks. (Charts courtesy of MetaStock Xenith.)

Coca Cola closed at $40.39 last week on July 10 below its 50-day and 200-day simple moving averages of $40.51 and $41.68, respectively.

Coke's weekly chart ended the week positive with the stock above its five-week modified moving average of $40.32 after staying above its 200-week simple moving average of $39.06. Its 12x3x3 weekly slow stochastic reading is 27.38 up from 27.06 on July 2.

This week's value level is $39.72 with a quarterly pivot of $40.80 and annual risky level of $45.14.

Procter & Gamble closed at $80.95 last week on July 10 above its 50-day simple moving average of $79.71 and below its 200-day simple moving average of $84.65.

Procter's weekly chart is positive with the stock above its five-week modified moving average of $80.14 and its 200-week simple moving average of $75.87. Its 12x3x3 weekly slow stochastic reading is 32.86 up from 28.05 on July 2.

My monthly value level is $78.79 with an annual pivot of $82.04 and quarterly risky level of $85.11.

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