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: 10/18/2018)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
DOWDUPONT INC	DWDP	58.58	-17.7	0.865
INTL BUSINESS MACHINES CORP	IBM	130.55	-14.9	0.875
INTEL CORP	INTC	44.97	-2.6	0.904
CATERPILLAR INC	CAT	135.80	-13.8	0.913
GOLDMAN SACHS GROUP INC	GS	224.95	-11.7	0.931
3M CO	MMM	200.38	-14.9	0.937
HOME DEPOT INC	HD	180.44	-4.8	0.939
THE TRAVELERS COMPANIES INC	TRV	125.14	-7.7	0.942
JPMORGAN CHASE & CO	JPM	108.09	1.1	0.963
CHEVRON CORP	CVX	117.47	-6.2	0.968
UNITED TECHNOLOGIES CORP	UTX	128.94	1.1	0.992
PROCTER & GAMBLE CO	PG	80.24	-12.7	1.006
EXXON MOBIL CORP	XOM	81.85	-2.1	1.017
COCA-COLA CO	KO	45.61	-0.6	1.022
AMERICAN EXPRESS CO	AXP	102.84	3.6	1.027
MCDONALD'S CORP	MCD	166.81	-3.1	1.029
CISCO SYSTEMS INC	CSCO	45.46	18.7	1.031
BOEING CO	BA	359.35	21.9	1.032
NIKE INC -CL B	NKE	75.60	20.9	1.034
VISA INC	V	139.29	22.2	1.054
WAL-MART STORES	WMT	96.17	-2.6	1.057
JOHNSON & JOHNSON	JNJ	139.50	-0.2	1.066
VERIZON COMMUNICATIONS INC	VZ	54.65	3.3	1.078
MICROSOFT CORP	MSFT	108.50	26.8	1.081
DISNEY (WALT) CO	DIS	116.18	8.1	1.085
UNITEDHEALTH GROUP	UNH	266.81	21.0	1.087
WALGREENS BOOTS ALLIANCE	WBA	76.58	5.5	1.126
APPLE INC	AAPL	216.02	27.6	1.134
PFIZER INC	PFE	44.00	21.5	1.154
MERCK & CO	MRK	72.21	28.3	1.169