Soaring Stocks at DJIA

Caterpillar Inc (NYSE:CAT) surged 0.99 percent to close at $107.63 for the day. The share price maintains the average traded volume of 6.23 million shares per day. The share price moved 3.09 percent above its 50-days simple moving average and is trading at a relative strength index of 49.36 times. The share price maintains the beta value of 1.71 times according to which CAT is likely to move by 1.71 times against one point change in market index. The share price market capitalization stood at $68.76 billion whereas its total outstanding shares accumulate up to 638.82 million shares.

Kraft Foods Inc (NYSE:KFT) moved up 0.81 percent to close at $32.40 with traded volume of 10.54 million shares for the day. Its average traded volume stands at 10.32 million shares per day. The share price is trading at its extreme overbought level as per its relative strength index of 74.29. Kraft Foods maintains high profitability which is evident from its net profit margin of 5.07 percent and return on equity of 8.01 percent. The company also maintains a high dividend yield of 3.58 percent.

The Coca-Cola Company (NYSE:KO) gained 0.57 percent to close at $67.28 with traded volume of 4.23 million shares per day. The share price maintains the average traded volume of 8.64 million shares per day. Coca Cola has moved 4.58 percent above its 50-days simple moving average and is trading at a relative strength index of 65.12. The stock maintains the price to earnings of 13.32 times which shows a much attractive level of investors who believe in fundamentals.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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