TradersHuddle Mid-day Update: Dow Jones Lower Top Performers: HPQ, BAC, IBM

Published on Wednesday, 15 February 2012 12:35 Written by Christian Paolinetti

New York, February 15th (TradersHuddle.com) - The Dow Jones Industrial Average is lower trading at 12849.9, which represents -0.22% versus its previous trading session close. The blue chip index is .

Hewlett Packard (NYSE:HPQ) is the Dow's top performer this morning with the stock trading at $29.42 representing 1.17% versus the previous trading session. Shares of Hewlett Packard, the maker of printers and personal computers have defined support at $27.23 and resistance at $29.56.

Bank of America (NYSE:BAC) is also among the top performers early in the trading session, trading at $8.04 representing 0.75% from its previous close. Bank of America, the largest U.S. lender has calculated support and resistance levels at $7.02 and $8.35 respectively. The other top performer this morning is IBM (NYSE:IBM), which is trading at $193.17 representing 0.49% from the previous trading session.

The Dow's worst performers include 3M (NYSE:MMM) that is trading at $87.08 or -1.03% from the previous close. Shares of 3M, the maker of Post-It notes and Scotch tape have defined support at $77.51 and resistance at $85.19. Also among the worst performers we have Caterpillar (NYSE:CAT), which is trading at $113.45 representing -0.87% from the previous trading session.

Benchmark crude for January delivery is also trading lower at $97.12 a barrel on the New York Mercantile Exchange lower by $-0.1 from the previous trading session.

The Dow is underperfoming the S&P 500 but is pretty much equal with the NASDAQ composite. The S&P 500 is currently trading at 1354.04, which represents 0.26% from previous close, the Nasdaq on the other hand is trading at 2953.02 that represents 0.72% from previous session.