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August Begins With New Highs and New Risky Levels

Here are my buy-and-trade parameters for the 14 buy-rated Dow components:

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

General Electric (GE - Get Report) ($24.37) set a multi-year high at $24.95 on July 19. My quarterly value level is $22.75 with a monthly pivot at $24.90 and a semiannual risky level at $26.68.

Home Depot (HD - Get Report) ($79.03) set a multi-year high at $81.56 on May 22. My semiannual value level is $74.11 with a weekly pivot at $77.52 and monthly risky level at $80.39.

Hewlett Packard (HPQ - Get Report) ($25.68) set a multi-year high at $26.71 on July 10. My semiannual value level is $24.24 with a semiannual risky level at $29.89.

IBM (IBM - Get Report) ($195.04) set a multi-year high at $215.86 on March 14 then set a low of $187.68 on April 22. My weekly value level is $185.39 with a monthly risky level at $210.04.

Intel Corp (INTC - Get Report) ($23.33) set a 2013 high at $25.98 on June 4 then traded as low as $22.63 on July 24. My annual value level is $19.60 with a weekly pivot at $23.60 and quarterly risky level at $25.38.

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SYM TRADE IT LAST %CHG
HD $111.40 -2.00%
GE $26.88 0.30%
INTC $32.50 1.30%
HPQ $33.05 -0.63%
IBM $170.72 0.55%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

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