Home Depot (HD) ($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) ($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) ($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. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV