Top Performing Dow Component: Chevron

Published on Monday, 17 September 2012 12:35 Written by Danny Miller

New York, September 17th (TradersHuddle.com) - The Dow Jones Industrial Average is lower trading at 13562.7, which represents -0.23% versus its previous trading session close, With only 9 of its components trading in positive territory.

Chevron (NYSE:CVX) is the Dow's top performer this morning with the stock trading at $118.47 representing 1.04% versus the previous trading session. Shares of Chevron, the second largest U.S. energy producer have defined support at $98.17 and resistance at $111.23.

Pfizer (NYSE:PFE) is also among the top performers early in the session, trading at $23.96 representing 0.65% from its previous close. Pfizer, the pharmaceutical company maker of Viagra and Lipitor has calculated support and resistance levels at $21.95 and $24.37 respectively. The other top performer this morning is Merck (NYSE:MRK), which is trading at $43.89 representing 0.62% from the previous trading session.

The Dow's worst performers include Bank of America (NYSE:BAC) that is trading at $9.37 or -1.94% from the previous close. Shares of Bank of America, the largest U.S. lender have defined support at $7.83 and resistance at $8.40. Also among the worst performers we have Cisco (NASDAQ:CSCO), which is trading at $19.13 representing -1.85% from the previous session.

Benchmark crude for August delivery is also trading lower at $92.66 a barrel on the New York Mercantile Exchange lower by $0 from the previous trading session.

The Dow is under performing the S&P 500, but is pretty much equal with the NASDAQ composite. The S&P 500 is currently trading at 1463.14, which represents -0.18% from previous close, the Nasdaq on the other hand is trading at 3177.01 that represents -0.32% from previous session.