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Seven Stocks Go to the Woodshed While Apple Fills Gap

Novo Nordisk (NVO - Get Report) ($168.98) plunged from $192.29 at the close on Feb. 8 to a low of $163.52 on Feb 11 after the U.S. Food and Drug Administration asked for additional testing on its diabetes treatments Tresiba and Ryzodeg. The stock is rated a buy with an overbought weekly chart profile and the five-week MMA at $175.94. My quarterly value level is $161.56 with a semiannual risky level at $176.21.

Nuance Communications (NUAN - Get Report) ($18.91) declined from $24.55 at the close on Feb. 7 to a low of $18.83 yesterday following an earnings miss. The stock is rated a buy with a negative weekly chart profile, the five-week MMA at $21.73 and the 200-week SMA at $19.18. My semiannual pivot is $20.75 with my annual risky level at $22.02.

Riverbed Technology (RVBD) ($16.12) declined from $20.10 at the close on Feb. 7 to a low of $15.92 on Feb 8 after missing Q4 earnings estimates. The stock is rated a hold with a negative weekly chart profile and the five-week MMA at $18.38. My quarterly value level is $15.42 with a monthly risky level at $21.81.

The Valspar (VAL) ($61.94) declined from $66.93 at the close on Feb. 11 to a low of $60.51 on Feb 12 after missing earnings estimates pre-market. The stock is rated a buy with an overbought weekly chart profile, and the five-week MMA at $64.63. My quarterly value level is $60.41 with a semiannual pivot at $63.37 and monthly risky level at $68.66.

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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SYM TRADE IT LAST %CHG
AAPL $124.43 -1.54%
AKAM $71.04 -1.19%
NUAN $14.35 1.34%
NVO $53.39 -2.36%
FB $82.22 -1.18%

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DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
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