Nine Stocks Taken to the Woodshed

Stratasys (SSYS) ($77.25) plunged on the popping of the bubble in 3D print companies. The stock traded as high as $92.30 on Jan. 22 and as low as $76.40 on Jan. 29, still well above its 200-day SMA at $61.60. My semiannual value level is $69.09 with a monthly pivot at $77.52 and weekly risky level at $87.07.

Seagate Technology (STX) ($33.89) beat EPS estimates by 11 cents, earning $1.38 per share, but the company warned, and the stock fell from $37.41 at the close on Jan. 28 to a low of $33.60 on Jan. 29. The stock has a buy rating and remains above its 200-day SMA at $29.16. My quarterly value level is $29.58 with a semiannual pivot at $34.43 and weekly risky level at $39.57.

VMware (VMC) ($77.65) missed EPS estimates and plunged from $98.32 at Monday's close to a low of $76.33 on Jan. 29, breaking below the 200-day SMA at $93.84. My monthly value level is $71.52 with a semiannual risky level at $82.46.



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

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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 [e-mail].

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