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: 7/18/2018)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
3M CO	MMM	202.20	-14.1	0.910
GOLDMAN SACHS GROUP INC	GS	231.24	-9.2	0.937
CATERPILLAR INC	CAT	141.12	-10.4	0.948
INTL BUSINESS MACHINES CORP	IBM	144.52	-5.8	0.953
MCDONALD'S CORP	MCD	157.93	-8.2	0.959
DOWDUPONT INC	DWDP	66.59	-6.5	0.962
JOHNSON & JOHNSON	JNJ	127.80	-8.5	0.964
WAL-MART STORES	WMT	88.07	-10.8	0.965
WALGREENS BOOTS ALLIANCE	WBA	66.16	-8.9	0.970
PROCTER & GAMBLE CO	PG	79.72	-13.2	0.970
THE TRAVELERS COMPANIES INC	TRV	130.00	-4.2	0.970
CHEVRON CORP	CVX	121.53	-2.9	1.004
COCA-COLA CO	KO	45.12	-1.7	1.011
EXXON MOBIL CORP	XOM	82.22	-1.7	1.017
CISCO SYSTEMS INC	CSCO	42.21	10.2	1.029
JPMORGAN CHASE & CO	JPM	111.53	4.3	1.029
VERIZON COMMUNICATIONS INC	VZ	51.14	-3.4	1.036
PFIZER INC	PFE	37.66	4.0	1.042
UNITED TECHNOLOGIES CORP	UTX	131.69	3.2	1.047
AMERICAN EXPRESS CO	AXP	102.98	3.7	1.059
DISNEY (WALT) CO	DIS	110.69	3.0	1.062
INTEL CORP	INTC	51.72	12.0	1.062
APPLE INC	AAPL	190.40	12.5	1.086
MERCK & CO	MRK	62.94	11.9	1.086
HOME DEPOT INC	HD	200.97	6.0	1.093
UNITEDHEALTH GROUP	UNH	255.42	15.9	1.112
BOEING CO	BA	360.23	22.1	1.120
MICROSOFT CORP	MSFT	105.12	22.9	1.148
VISA INC	V	140.90	0.0	1.157
NIKE INC -CL B	NKE	76.59	22.4	1.161