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Time to Book Profits in Retail Stocks

Limited Brands (LTD) ($48.83) traded to an all time high at $51.84 on May 3. My semiannual value level is $40.46 with a monthly pivot at $48.43 and a quarterly risky level at $53.65.

Sherwin Williams ($142.63) traded to an all-time high at $142.63 on Friday. My semiannual value level is $124.28, my weekly pivot is at $141.70 and my monthly risky level is at $146.41.

TJX Companies (TJX) $45.87) traded to an all-time high at $46.17 on Aug. 22. My quarterly value level is at $41.64, my annual pivot is at $45.75, and my monthly and annual risky levels are at $48.83 and $52.67, respectively.

Wal-Mart Stores ($72.11) traded to an all-time high at $75.24 on July 30. My quarterly value level is $68.58, my monthly pivot is at $71.04 and my weekly risky level is at $76.37.

Back on June 26 I included "buy and trade" strategies for FDO and TJX in an article titled Retail Bubble Stocks Are Vulnerable.

Note that FDO could have been sold at my second-quarter risky level at $67.95 before the end of June, and that TJX could have been sold last week at my annual pivot at $45.75.

At the time of publication, Suttmeier held no positions in stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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SYM TRADE IT LAST %CHG
BBY $35.44 0.74%
DG $73.51 0.05%
FDO $78.48 -0.06%
ODP $9.35 0.32%
WMT $78.98 0.48%

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