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Bad News Sends Stocks To Woodshed

Only one stock is above its 200-day SMA, which held as the price at which to buy to catch that falling knife.

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

Darden Restaurants (DRI - Get Report) ($46.66): Has a buy rating, but gapped below its 200-day SMA without a value level at which to buy. The weekly chart shows the 200-week SMA at $43.96, which is the buy price as long as the stock remains buy-rated. My annual pivot is $48.62 with a semiannual risky level at $52.09.

Freeport-McMoRan (FCX - Get Report) ($31.70): Has a buy rating with the stock below its 200-day SMA. FCX is also below its 200-week SMA at $39.13. My semiannual value level is $25.34 with this week's risky level at $34.51.

Gap (GPS - Get Report) ($31.81): Has a strong buy rating and the stock held its 200-day SMA at $30.51 on weakness, as the price at which to catch this falling knife. My quarterly value level held at $30.86 with a weekly pivot at $32.27 and monthly risky level at $37.68.

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DRI $64.94 0.00%
FCX $20.67 0.00%
GPS $40.63 0.00%
TIF $84.59 0.00%
YUM $79.75 0.00%


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S&P 500 2,081.18 -23.81 -1.13%
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