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Cut Positions in Paper Stocks

Neenah Paper (NP - Get Report) ($31.20) beat EPS estimates by a nickel earning 74 cents on May 8. The weekly chart stays positive on a close this week above the five-week MMA at $29.78. My weekly value level is $28.51 with a quarterly pivot at $29.77 and semiannual risky level at $32.93.

Resolute Forest (RFP - Get Report) ($16.17) beat EPS estimates by a nine cents earning $0.23 on April 30. The weekly chart stays positive on a close this week above the five-week MMA at $15.33. My monthly value level is $14.77 with a weekly pivot at $15.82 and the 2013 high at $17.54.

Schweitzer Mauduit (SWM - Get Report) ($44.65) beat EPS estimates by eight cents earning $1.01 on May 8. The weekly chart stays positive on a close this week above the five-week MMA at $40.99. My weekly value level is $41.78 with a quarterly pivot at $43.10 and semiannual risky level at $46.76.

Domtar (UFS - Get Report) ($74.50) missed EPS estimates by 52 cents earning 95 cents on April 25. The weekly chart shifts to positive on a close this week above the five-week MMA at $73.66 and the 200-week SMA at $72.90. My quarterly value level is $70.88 with a monthly risky level at $82.25.



At the time of publication the author had no position in any of the stocks mentioned.

This article was written 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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