Transports Shift Into Fast Lane

Reading the Table

OV/UN Valued: 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.

Price-to-Earnings Ratios appear elevated.



Value Level: 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: Price at which to enter a GTC limit order to sell on strength.

CSX (CSX) ($19.95 vs. $22.78 on Aug. 28): Set its 2012 low at $18.88 on Nov. 16 and is lagging the transportation average needing a close above the 50-day SMA at $20.24 to target the 200-day SMA at $21.53. On the weekly chart, CSX needs a weekly close above the five-week MMA at $20.09 to have a positive weekly chart profile, while a close below the 200-week SMA at $19.15 would be a negative. The stock remains buy rated, is 15.5% undervalued and has a 12 month trailing P/E at 11.3. My weekly value level is $19.14 with a monthly risky level at $21.08.

FedEx (FDX) ($92.74 vs. $88.00 on Aug. 28): Has performed in sync with the transportation average trading above the 50-day SMA at $90.34 and the 200-day SMA at $89.33. The weekly chart profile is positive with the five-week MMA at $89.94. The stock remains buy rated, is just 0.3% undervalued and has a 12 month trailing P/E at 14.5. My weekly value level is $89.46 with a quarterly risky level at $104.62.

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