An Early Dogs of the Dow Look

Presented below is table sorted by the Dow 30’s worst performing stocks this year. Looking to far right, we can see that this years biggest winners were amongst last years biggest losers.

A name I’m eyeing from this years underperforming lists, for possible outperformance next year -

Walgreens $WBA

It’s been a rough go for this stock. It’s come to life recently, and you can observe in the chart above a notable gap in volume from around $23 to $28, which the stock could easily move through on continued momentum. It’s currently above an anchored vwap from the company’s October earnings report, which provides a downside stop out price level of interest.

The wider view weekly chart also provides some hint that perhaps the stock might be done going down for now. I’ve admittedly not taken a close enough look to know whether we’re at activist/acquisition potential for this company, but this level of underperformance could lend to those being potential catalysts.