Top 5 Performing Stocks in the Dow (CSCO, HD, PG, MRK, PFE)

Published on Tue, 04/02/2013 - 13:15
By Adrienne Chilton in Fast Lane, csco, HD, MRK, PFE, PG, cisco systems, dow top 5 stocks, home depot, merck, nasdaq:csco, nyse:hd, nyse:mrk, nyse:pfe, nyse:pg, pfizer, procter & gamble

Below are the top five performing stocks in the Dow Jones Industrials Index. These companies should be watched for additional outperformance to the upside.

Cisco Systems (NASDAQ:CSCO) lead the charge up 1.82% today, well above the Dow's return of 0.66% thus far. Just behind are shares of Home Depot (NYSE:HD), which is up 1.78%.

Rounding out the list of outperformers are shares of Procter & Gamble (NYSE:PG) and Merck (NYSE:MRK), which are up 1.76% and 1.26%, respectively. Finally we have Pfizer (NYSE: PFE) up a respectable 1.25% on the day.

Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.

Potential upside of 13.6% exists for Cisco Systems, based on a current level of $21.13 and analysts' average consensus price target of $24.00. The stock should find initial support at its 50-day moving average (MA) of $21.10 and further support at its 200-day MA of $18.97.

By Adrienne Chilton
achilton@fnno.com

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