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) ($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) ($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) ($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) ($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. (INTC) ($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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