Reading the Table
OV/UN Valued: The stocks with a red number are undervalued by this percentage, according to ValuEngine. Those with a black number are overvalued by that percentage.
VE Rating: A "1-Engine" rating is a strong sell, a "2-Engine" rating is a sell, a "3-Engine" rating is a hold, a "4-Engine" rating is a buy and a "5-Engine" rating is a strong buy.
Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.Forecast One-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months. Value Level: the price at which to enter a good-'til-canceled limit order to buy on weakness. The letters mean: W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A-Annual. Pivot: a level between a value level and risky level that should be a magnet during the time frame noted. Risky Level: the price at which to enter a GTC limit order to sell on strength. Boeing (BA - Get Report) ($69.60 vs. $74.21 on Aug. 13) has a buy rating, according to ValuEngine, with a reasonable price-to-earnings ratio. Boeing is below its 200-day SMA at $73.26. Boeing is well below its May 1 high at $77.83 with the June 5 low at $66.82. The weekly chart is negative with the 200-week simple moving average a major support at $62.48. Investors should reduce holdings on strength to my weekly pivot at $70.29 and then employ a "buy and trade" strategy between the value level and risky level. Caterpillar ($86.04 vs. $88.94 on Aug. 13) has a buy rating, according to ValuEngine, a favorable P/E ratio and is below its 200-day SMA at $96.20. Caterpillar is well below its Feb. 24 high at $116.95 with the July 12 low at $79.55. The weekly chart profile is neutral with the 200-week SMA at $74.11. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.
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