3M Company (MMM) ($105.80) is a buy rated Dow component in the multi-sector conglomerate sector which is fractionally overvalued. 3M set a multi-year high at $108.71 on April 11. The weekly chart profile shifts to negative on a close this week below the five-week MMA at $105.27. My monthly value level is $102.90 with a weekly pivot at $108.35 and semiannual risky level at $111.34.
Old Dominion Freight (ODFL) ($37.23) is a sell rated stock in the transportation sector which is 14.2% overvalued and rated "avoid-source of funds." The stock set a multi-year high at $48.76 on March 15. The weekly chart profile stays negative with a close this week below its five-week MMA at $37.19. My semiannual value level is $35.09 with a quarterly pivot at $37.20 and weekly risky level at $39.27.
United Parcel Service (UPS) ($83.26) is a hold rated stock in the transportation sector which is 14.2% overvalued. The stock set a multi-year high at $85.95 on April 1. The weekly chart profile stays negative with a close this week below its five-week MMA at $83.42. My semiannual value level is $80.21 with a weekly risky level at $85.30.
Exxon Mobile (XOM) ($88.09) is a hold rated Dow component in the oils-energy sector which is 0.4% overvalued. The weekly chart profile stays negative with a close this week below the five-week MMA at $88.73. My quarterly value level is $86.82 with a weekly pivot at $88.59 and monthly risky level at $91.89.At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV