Charles B. Carlson, CFA

The list below ranks the 30 Dow stocks on the ratio of stock price to 200-day moving average price, from the lowest ratio to the highest ratio. The 10 Dow stocks with the lowest ratios are highlighted. A variation of my Worst-To-First Strategies focuses on creating portfolios from the 10 Dow stocks with the lowest ratio of current stock price to 200-day moving average price (1-stock, 3-stock, 5-stock, or 10-stock portfolios). For example, if you want a 3-stock portfolio, buy the first three stocks in the list and hold for 12 months.

FURTHEST FROM 200-DAY MOVING AVERAGE (Data as of: 6/20/2018)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
GENERAL ELECTRIC CO	GE	12.88	-26.2	0.756
3M CO	MMM	198.08	-15.8	0.885
PROCTER & GAMBLE CO	PG	75.85	-17.4	0.907
JOHNSON & JOHNSON	JNJ	122.04	-12.7	0.915
GOLDMAN SACHS GROUP INC	GS	227.82	-10.6	0.920
WAL-MART STORES	WMT	83.61	-15.3	0.923
THE TRAVELERS COMPANIES INC	TRV	124.99	-7.9	0.934
INTL BUSINESS MACHINES CORP	IBM	142.63	-7.0	0.938
DOWDUPONT INC	DWDP	65.89	-7.5	0.946
COCA-COLA CO	KO	43.26	-5.7	0.966
CATERPILLAR INC	CAT	143.13	-9.2	0.971
VERIZON COMMUNICATIONS INC	VZ	48.09	-9.1	0.977
MCDONALD'S CORP	MCD	162.56	-5.6	0.988
EXXON MOBIL CORP	XOM	80.45	-3.8	0.996
AMERICAN EXPRESS CO	AXP	96.42	-2.9	1.002
JPMORGAN CHASE & CO	JPM	107.54	0.6	1.003
UNITED TECHNOLOGIES CORP	UTX	125.36	-1.7	1.005
PFIZER INC	PFE	36.46	0.7	1.012
DISNEY (WALT) CO	DIS	107.15	-0.3	1.036
CHEVRON CORP	CVX	125.29	0.1	1.041
MERCK & CO	MRK	61.28	8.9	1.051
APPLE INC	AAPL	186.50	10.2	1.084
CISCO SYSTEMS INC	CSCO	43.74	14.2	1.092
BOEING CO	BA	342.69	16.2	1.095
HOME DEPOT INC	HD	199.08	5.0	1.104
UNITEDHEALTH GROUP	UNH	252.81	14.7	1.128
INTEL CORP	INTC	53.46	15.8	1.129
VISA INC	V	135.50	18.8	1.141
MICROSOFT CORP	MSFT	101.87	19.1	1.147
NIKE INC -CL B	NKE	74.72	19.5	1.174