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: 5/21/2018)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
GENERAL ELECTRIC CO	GE	15.26	-12.6	0.839
PROCTER & GAMBLE CO	PG	74.06	-19.4	0.866
3M CO	MMM	201.76	-14.3	0.900
JOHNSON & JOHNSON	JNJ	123.72	-11.5	0.920
WAL-MART STORES	WMT	84.51	-14.4	0.938
COCA-COLA CO	KO	42.41	-7.6	0.941
INTL BUSINESS MACHINES CORP	IBM	145.49	-5.2	0.958
GOLDMAN SACHS GROUP INC	GS	237.70	-6.7	0.964
MCDONALD'S CORP	MCD	161.48	-6.2	0.984
THE TRAVELERS COMPANIES INC	TRV	131.14	-3.3	0.985
VERIZON COMMUNICATIONS INC	VZ	48.43	-8.5	0.985
DOWDUPONT INC	DWDP	68.63	-3.6	0.989
MERCK & CO	MRK	58.57	4.1	1.000
PFIZER INC	PFE	35.80	-1.2	1.001
DISNEY (WALT) CO	DIS	104.06	-3.2	1.009
EXXON MOBIL CORP	XOM	82.28	-1.6	1.024
UNITED TECHNOLOGIES CORP	UTX	128.05	0.4	1.038
JPMORGAN CHASE & CO	JPM	112.15	4.9	1.066
AMERICAN EXPRESS CO	AXP	102.04	2.7	1.077
HOME DEPOT INC	HD	189.79	0.1	1.079
CHEVRON CORP	CVX	129.37	3.3	1.091
CATERPILLAR INC	CAT	158.92	0.9	1.108
APPLE INC	AAPL	187.63	10.9	1.111
CISCO SYSTEMS INC	CSCO	43.75	14.2	1.129
VISA INC	V	130.66	14.6	1.131
UNITEDHEALTH GROUP	UNH	247.90	12.4	1.135
MICROSOFT CORP	MSFT	97.60	14.1	1.136
NIKE INC -CL B	NKE	71.38	14.1	1.161
INTEL CORP	INTC	54.32	17.7	1.202
BOEING CO	BA	363.92	23.4	1.214