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Retail Bubble Stocks Play On Earnings Momentum

Home Depot (HD - Get Report) ($64.83 vs. $60.86 on Oct. 17): Will likely set a new multi-year high today with its all time high of $70.00, set in April 2000. The weekly chart remains in bubble territory with overbought Mojo and the five-week MMA at $62.11. My quarterly value level is $58.83 with a weekly pivot at $63.95 with no risky level as Mojo continues.

Lowes Companies (LOW) ($35.77 vs. $32.35 on Oct. 17): Set a new all-time high at $35.78 yesterday. The weekly chart remains in bubble territory with overbought Mojo and the five-week MMA at $32.82. My quarterly value level is $31.01 with an annual pivot at $34.45 and no risky level.

Monster Beverage (MNST) ($51.36 vs. $58.42 on Oct. 17): Set an all-time high at $83.96 on April 30, and the stock is below its 200-day SMA at $61.21. The weekly chart shifts to positive on a close this week above its five-week MMA at $49.62. My weekly value level is $43.70 with a semiannual risky level at 58.04.

Constellation Brands (STZ) ($35.36 vs. $35.78 on Oct. 17): Set an all-time high at $36.50 on Oct. 8. The weekly chart is neutral with declining Mojo and the five-week MMA at $34.75. My annual value level is $31.07 with a monthly pivot at $34.99 and weekly risky level at $38.31.

TJX Companies (TJX) ($44.04 vs. $43.10 on Oct. 17): Set and all-time high at $46.67 on Aug 29. The weekly chart shifted to positive a week ago with the five-week MMA at $43.11. My weekly value level is $40.55 with a quarterly pivot at $45.64 and annual risky level at $45.75.

Under Armour (UA - Get Report) ($54.74 vs. $58.08 on Oct. 17): Set an all-time high at $60.96 on Sept. 14. The stock's 200-day simple moving average provided a buying opportunity at $50.33 on Nov. 8. The weekly chart shifts to positive on a close this week above the five-week MMA at $53.55. My weekly value level is $50.91 with a monthly risky level at $59.06.

Wal-Mart Stores (WMT - Get Report) ($70.56 vs. $76.91 on Oct. 17): Set an all-time high at $77.60 on Oct. 16. The weekly is negative with declining Mojo with the stock below its five-week MMA at $71.83. My quarterly value level is $68.55 with a weekly risky level at $71.80.

At the time of publication the author held no positions in any of the 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
AMZN $445.10 0.00%
COST $148.12 0.00%
HD $113.70 0.00%
UA $82.56 0.00%
WMT $79.84 0.00%

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