The above table shows data from ValuEngine.com covering nine stocks in the BKX.
Reading the Table
Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
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 twelve 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 twelve months. Stocks with a black number in the table are projected to move higher by that percentage over the next twelve months.
Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.
Level between a value level and risky level that should be a magnet during the time frame noted.
Price at which to enter a GTC limit order to sell on strength. Here are comments on the five construction stocks that were upgraded this morning:
Bank of America
(BAC - Get Report)
($10.46 vs. $9.32 on Oct. 31): BAC remains buy rated according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $8.43. The stock set a 2012 high at $10.56 on Wednesday with upside to the 200-week SMA at $11.46 on a positive weekly chart. My monthly value level is $7.51 with a weekly pivot at $9.72 with my annual risky level at $15.72.
(BBT - Get Report)
($27.86 vs. $28.95 on Oct. 31): BBT still has a buy rating, a reasonable P/E but is below its 200-day SMA at $30.76. The weekly chart profile is negative with the 200-week SMA at $26.50. My annual value level is $25.36 with monthly risky level at $29.60.