Discount Retailers, From Leaders to Laggards

Big Lots Inc (BIG) ($27.65): Set a multi-year high at $47.22 on March 27. BIG has an oversold weekly chart profile needing a weekly close above its five-week modified moving average at $28.75 to gain upward momentum. The stock is close to its 52-week low with my monthly value level at $23.68 with a weekly pivot at $27.13 and semiannual risky level at $30.88.

Costco Wholesale (COST) ($97.72 vs. $102.58 on Nov. 29): Set an all-time high at $105.97 on Dec. 5. The weekly chart shifts to neutral on a close this week below its five-week MMA at $98.32. My annual value level is $89.71 with a weekly pivot at $97.55 and a monthly risky level at $102.54.

Dollar General (DG) ($44.39 vs. $49.58 on Nov. 29): Set an all-time high at $56.04 on July 7. The weekly chart profile is negative with the five-week MMA at $47.82. My semiannual value level is $39.16 with my weekly pivot at $46.59 and semiannual risky level at $53.23.

Dollar Tree (DLTR) ($38.65 vs. $41.42 on Nov. 29): Set an all-time high at $56.81 on June 20. The weekly chart is negative with the five-week MMA at $40.80. My weekly pivot is $38.57 with my semiannual risky level at $43.02.

Family Dollar (FDO) ($66.48 vs. $68.52 on Oct. 17): Set an all-time high at $74.73 on June 14. The weekly chart shifts to negative on a close this week below the five-week MMA at $67.99. My semiannual value level is $62.16 with this week's risky level at $69.82.

Ross Stores (ROST) ($54.41): Set an all-time high at $70.82 on Aug. 20. The weekly chart is oversold with the five-week MMA at $57.25. My annual value level is $50.77 with a weekly pivot at $52.18 and the 50-day SMA at $58.93.

Target (TGT) ($60.54): Set a multi-year high at $65.80 on Sept. 21 with the 200-day simple moving average at $60.33, which is a key support. The weekly chart remains negative with the five-week MMA at $62.48. My quarterly value level is $57.83 with my annual risky level at $63.69.

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 [e-mail].

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