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Book Profits on Aerospace Stocks

Stocks in this article: BA BEAV COL CW FLIR

Boeing (BA - Get Report) ($104.68) set another multiyear high at $105.75 on Tuesday, and has been downgraded to sell from hold. My semiannual value level is $96 with a monthly pivot at $103.24 and semiannual risky level at $109.49.

BE Aerospace (BEAV - Get Report) ($66.30) set a new multiyear high at $66.77 on Tuesday, and has been downgraded to sell from hold. My quarterly value level is $56.95 with a weekly pivot at $63.26 and semiannual risky level at $66.97.

Rockwell Collins (COL - Get Report) ($66.45) set its multiyear high at $67.58 on May 28 with the stock rebounding toward that milestone despite being downgraded to sell from hold. My weekly value level is $64.04 with a monthly weekly risky level at $69.08.

Curtiss-Wright (CW - Get Report) ($38.35) set its 2013 high at $38.36 on Tuesday and was downgraded to sell from hold. My semiannual value level is $36.77 with a monthly pivot at $38.67 and annual risky level at $41.19.

FLIR Systems (FLIR - Get Report) ($28.78) set its 2013 high at $28.96 on Tuesday and was downgraded to sell from hold. My annual value level is $27.90 with a monthly pivot at $29.78 and semiannual risky level at $32.13.

General Dynamics (GD - Get Report) ($79.86) set a multiyear high at $80.54 on Tuesday, maintaining a hold rating. My semiannual value level is $77.43 with a weekly pivot at $80.57 and a semiannual risky level at $84.72.

L-3 Communication (LLL - Get Report) ($88.57) set a multiyear high at $88.76 on Tuesday, maintaining a hold rating. My annual value level is $85.25 with a semiannual pivot at $87.17 and annual risky level at $106.38.

Lockheed Martin (LMT - Get Report) ($109.57) set a multiyear high at $110.31 on Tuesday, maintaining a hold rating. My semiannual value level is $103.38 with an annual pivot at $108.38 and annual risky level at $112.40.

Northrop Grumman (NOC - Get Report) ($85.53) set a multiyear high at $86 on Tuesday, maintaining a hold rating. My semiannual value level is $80.02 with a semiannual risky level at $87.62.

Raytheon (RTN - Get Report) ($67.44) set its multiyear high at $68.62 on May 30 and maintains a hold rating. My annual value level is $64.74 with a weekly pivot at $68.84 and annual risky level at $69.36.

Notice how nine of 10 of these stocks are approaching semiannual or annual risky levels. We are in the second half of the year and thus these levels have assumed all possible bullish events for these stocks for the remainder of 2013.



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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