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TheStreet Open House

The Basic Industries Sector Has Not Maintained QE Hype

Reading the Table

OV/UN Valued: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

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 1-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 GTC limit order to buy on weakness: 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: is the price at which to enter a GTC limit order to sell on strength.

Alcoa (AA) ($8.78 vs. $8.45 on July 31): this nonferrous mining stock continues to have a hold rating according to ValuEngine with an extremely elevated price-to-earnings ratio. Alcoa is below its 200-day SMA at $9.27.

The stock is set its 2012 high at $10.92 on Feb. 8 and set a 2012 low at $7.97 on July 25. The weekly chart is negative with the 200-week SMA at $11.84. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

DuPont (DD) ($49.44 vs. $49.67 on July 31): This diversified chemicals stock continues to have a buy rating according to ValuEngine with a reasonable P/E ratio and is below its 200-day SMA at $50.22.

The stock set its 2012 high at $53.98 on May 1 and set a 2012 low at $46.16 on July 11. The weekly chart profile is negative with the 200-week SMA at $41.44. Investors and traders should sell strength to my monthly pivot at $50.45 then employ a "buy and trade" strategy between the value level and risky level.

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