use `david` to check available dependency updates

index.js

var pkgPath = '<path to package.json file>';

var david = require('david'),
  chalk = require('chalk'),
  fs = require('fs');

var manifest = JSON.parse(fs.readFileSync(pkgPath, 'utf8'));

david.getDependencies(manifest, function (er, deps) {
  console.log('\n', chalk.cyan('latest dependencies information for', manifest.name));
  listDependencies(deps, 'cyan');
});

david.getDependencies(manifest, { dev: true }, function (er, deps) {
  console.log('\n', chalk.cyan('latest devDependencies information for', manifest.name));
  listDependencies(deps, 'cyan');
});

david.getUpdatedDependencies(manifest, function (er, deps) {
  console.log('\n', chalk.magenta('dependencies with newer versions for', manifest.name));
  listDependencies(deps, 'magenta');
});

david.getUpdatedDependencies(manifest, { dev: true }, function (er, deps) {
  console.log('\n', chalk.magenta('devDependencies with newer versions for', manifest.name));
  listDependencies(deps, 'magenta');
});

david.getUpdatedDependencies(manifest, { stable: true }, function (er, deps) {
  console.log('\n', chalk.red('dependencies with newer STABLE versions for', manifest.name));
  listDependencies(deps, 'red');
});

david.getUpdatedDependencies(manifest, { dev: true, stable: true }, function (er, deps) {
  console.log('\n', chalk.red('devDependencies with newer STABLE versions for', manifest.name));
  listDependencies(deps, 'red');
});

function listDependencies(deps, color) {
  Object.keys(deps).forEach(function(depName) {
    var required = deps[depName].required || '*';
    var stable = deps[depName].stable || 'None';
    var latest = deps[depName].latest;
    var colorF = chalk[color];
    console.log(colorF(depName), 'Required:', required, 'Stable:', stable, 'Latest:', latest);
  });
}

package.json

{
  "scripts": {
    "start": "node index"
  },
  "dependencies": {
    "chalk": "^1.1.3",
    "david": "^7.0.1"
  }
}