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: 6/21/2017)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
VERIZON COMMUNICATIONS INC	VZ	45.41	-14.9	0.922
GENERAL ELECTRIC CO	GE	27.78	-12.1	0.932
INTL BUSINESS MACHINES CORP	IBM	153.79	-7.4	0.938
INTEL CORP	INTC	34.58	-4.7	0.958
CHEVRON CORP	CVX	104.49	-11.2	0.962
EXXON MOBIL CORP	XOM	81.44	-9.8	0.965
NIKE INC -CL B	NKE	52.59	3.5	0.982
DISNEY (WALT) CO	DIS	104.80	0.6	0.999
CISCO SYSTEMS INC	CSCO	31.84	5.4	1.001
GOLDMAN SACHS GROUP INC	GS	222.49	-7.1	1.018
PROCTER & GAMBLE CO	PG	89.40	6.3	1.023
PFIZER INC	PFE	33.88	4.3	1.030
MERCK & CO	MRK	65.46	11.2	1.043
JPMORGAN CHASE & CO	JPM	87.12	1.0	1.058
WAL-MART STORES	WMT	76.24	10.3	1.064
COCA-COLA CO	KO	45.22	9.1	1.066
DU PONT (E I) DE NEMOURS	DD	80.92	10.2	1.073
THE TRAVELERS COMPANIES INC	TRV	128.58	5.0	1.084
CATERPILLAR INC	CAT	103.47	11.6	1.094
UNITED TECHNOLOGIES CORP	UTX	121.75	11.1	1.097
AMERICAN EXPRESS CO	AXP	82.21	11.0	1.103
MICROSOFT CORP	MSFT	70.27	13.1	1.104
HOME DEPOT INC	HD	156.59	16.8	1.118
JOHNSON & JOHNSON	JNJ	134.91	17.1	1.122
APPLE INC	AAPL	145.87	25.9	1.127
UNITEDHEALTH GROUP	UNH	184.92	15.5	1.152
3M CO	MMM	212.86	19.2	1.157
MCDONALD'S CORP	MCD	153.73	26.3	1.207
BOEING CO	BA	199.17	27.9	1.214