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: 7/20/2017)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
INTL BUSINESS MACHINES CORP	IBM	147.66	-11.0	0.902
GENERAL ELECTRIC CO	GE	26.69	-15.5	0.904
VERIZON COMMUNICATIONS INC	VZ	44.22	-17.2	0.912
CHEVRON CORP	CVX	104.63	-11.1	0.960
EXXON MOBIL CORP	XOM	80.86	-10.4	0.964
INTEL CORP	INTC	34.75	-4.2	0.973
GOLDMAN SACHS GROUP INC	GS	222.30	-7.2	0.988
MERCK & CO	MRK	62.94	6.9	1.000
CISCO SYSTEMS INC	CSCO	31.86	5.4	1.001
DISNEY (WALT) CO	DIS	107.36	3.0	1.010
PROCTER & GAMBLE CO	PG	88.60	5.4	1.015
PFIZER INC	PFE	33.54	3.3	1.020
HOME DEPOT INC	HD	147.03	9.7	1.030
THE TRAVELERS COMPANIES INC	TRV	124.57	1.8	1.039
COCA-COLA CO	KO	44.82	8.1	1.050
WAL-MART STORES	WMT	76.02	10.0	1.054
JPMORGAN CHASE & CO	JPM	91.20	5.7	1.074
UNITED TECHNOLOGIES CORP	UTX	122.45	11.7	1.082
NIKE INC -CL B	NKE	59.10	16.3	1.097
DU PONT (E I) DE NEMOURS	DD	84.83	15.6	1.101
CATERPILLAR INC	CAT	107.32	15.7	1.109
AMERICAN EXPRESS CO	AXP	85.35	15.2	1.112
JOHNSON & JOHNSON	JNJ	136.57	18.5	1.121
3M CO	MMM	212.45	19.0	1.132
APPLE INC	AAPL	150.34	29.8	1.132
MICROSOFT CORP	MSFT	74.22	19.4	1.140
UNITEDHEALTH GROUP	UNH	191.50	19.7	1.156
MCDONALD'S CORP	MCD	154.21	26.7	1.172
BOEING CO	BA	210.28	35.1	1.225