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TheStreet Open House

Will Homebuilders Q4 Support Additional Share Price Strength?

Stocks in this article: HGXCATDHIRYLPHMSHWSPF

Reporting after the close on Tuesday Ryland Group (RYL) ($40.96 vs. $38.31 Jan. 17) is expected to earn 50 cents per share. RYL was downgraded to hold from buy earlier in the month, but set a new multi-year high at $41.11 on Jan. 25. The daily chart is overbought as is the weekly chart with the five-week MMA at $37.15. RYL is 56.5% overvalued with a trailing 12 months P/E at 51.5. I show a weekly value level at $38.36 without a risky level as momentum rules.

Reporting premarket Thursday Pulte Group (PHM) ($21.67 vs. $19.34 on Jan. 17) still has a buy rating and set a new multi-year high at $21.67 on Jan. 25. The daily chart is overbought as is the weekly chart with the five-week MMA at $19.02. PHM is 41.4% overvalued with a trailing 12 months P/E at 32.5. My monthly value level is $19.27 with a weekly pivot at $21.33 without a risky level as momentum rules.

Reporting premarket Thursday Sherwin Williams (SHW) ($165.51) is expected to earn $1.15 per share. SHW set an all time high at $167.24 on Jan. 24. The daily chart is overbought with a positive weekly chart and the five-week MMA at $157.59. The stock has a strong buy rating with my weekly value level at $152.61 and monthly risky level at $166.62.

Reporting after the close on Thursday Standard & Pacific (SPF) ($8.44 vs. $7.80 on Jan. 17) still has a hold rating and set a new multi-year high at $8.48 on Jan. 25 The daily chart is overbought with a positive weekly chart and the five-week MMA at $7.54. SPF is 71.4% overvalued with a trailing 12 months P/E at 49.7. My monthly value level is $8.00 without a pivot or risky level as momentum rules.



At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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 RSuttmeier@Gmail.com.
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