Highest Priced Dow Stock Weighs with a Breakdown

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The Dow Jones Industrial Average is a price-weighted average and this means the stocks with the highest prices carry the most weight. Visa (V) is the highest priced Dow stock and it was down around 1.5% at midday, thus weighing on the Dow today. The chart below shows Visa breaking support and MACD moving below its signal line. Also note that this move comes after the July gap and break down, which means we are seeing a continuation of the summer break down.


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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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