On Tuesday, it was announced that effective September 23rd Goldman Sachs Group Inc., Nike Inc. and Visa Inc. will replace Alcoa Inc., Bank of America Corp. and Hewlett-Packard Co. in the Dow Jones Industrial Average. The overhaul was the largest seen by the Index in over a decade. Apple and Google had been considered as replacements but were ultimately passed over due to their high stock prices. "The index changes were prompted by the low stock price of the three companies slated for removal and the Index Committee’s desire to diversify the sector and industry group representation of the index," S&P Dow Jones Indices said.
Alcoa Inc. (NYSE: AA) shares traded in the range of $7.96 to $8.10 Tuesday before settling to close at $8.06, a decrease of 0.31 percent. The stock appears to be facing some resistance at the $8.14 and $8.23 levels with some support at $8.05. Shares of Alcoa have fallen approximately 7.0 percent in 2013.
More information on Alcoa and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AA
Bank of America Corp. (NYSE: BAC) shares traded in the range of $14.52 to $14.69 Tuesday before settling to close at $14.61, an increase of 0.90 percent. The stock appears to be facing some resistance at the $14.97 and $15.29 levels with some support at $14.50. Shares of Bank of America have gained approximately 25.0 percent in 2013.
More information on Bank of America and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BAC
Hewlett-Packard Company (NYSE: HPQ) shares traded in the range of $21.91 to $22.42 Tuesday before settling to close at $22.27, a decrease of 0.40 percent. The stock appears to be facing some resistance at the $22.35 and $22.88 levels with some support at $21.99. Shares of Hewlett-Packard have gained approximately 56.0 percent in 2013.
More information on Hewlett-Packard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HPQ
Nike Inc. (NYSE: NKE) shares traded in the range of $65.96 to $66.98 Tuesday before settling to close at $66.82, an increase of 2.12 percent. The stock appears to have some support at the $66.61, $65.75 and $64.97 levels. Shares of Nike have gained approximately 30.0 percent in 2013.
More information on Nike and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NKE
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