2024-02-20 04:06:30 ET
Summary
- Dow Jones has outperformed other major equity indexes since the start of 2022, with a gain of 11.2%.
- Merck and Travelers Companies stocks have been overbought for an unusually long period, reflecting strong momentum.
- Extended overbought conditions do not necessarily indicate a major reversal, and the Dow remains relevant with solid earnings and growth potential.
Since January 3, 2022, when the last stock market correction started, the Dow Jones Industrial Average ( DJI ) has outperformed all three other major equity indexes on a total return basis....
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2 Dow Stocks That Have Been Most Overbought Since The 1970s