Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.
Borg Warner (BWA) ($98.70) reported quarterly results back on July 25 and beat EPS estimates by 9 cents earning $1.50 a share. The provider of vehicle power-train applications traded to a multi-year high at $100.54 on Aug. 13 then set the low end of a trading range at $94.29 on Aug. 28. My monthly value level is $97.25 with a semiannual pivot at $98.51 and weekly risky level at $103.48.
Cummins (CMI) ($126.54) reported quarterly results on July 30 and beat EPS estimates by 23 cents earning $2.20 a share. The manufacturer of diesel engines traded to a 52-week high at $128.30 on Aug. 14 then set the low end of a trading range at $121.66 on Aug. 28. The stock almost re-tested its high on Thursday. My quarterly value level is $100.94 with a monthly pivot at $124.67 and weekly risky level at $132.11.
Delphi Auto (DLPH) ($57.07) reported quarterly results on July 31 and beat EPS estimates by 11 cents earning $1.24 a share. The maker and provider of electrical power-train, safety and thermal technology solutions for the vehicle markets has a sell rating and traded to new multi-year high at $58.26 on Thursday testing this week's pivot at $58.15. My monthly risky level is $58.28.Ford Motor (F) ($17.05) missed quarterly results on July 23 earning 67 cents a share. The auto maker has a sell rating and traded to new multi-year high at $17.67 on July 24 then traded as low as $15.71 on Aug. 28. The stock has rebounded nearing the high and testing this week's pivot at $17.35 on Thursday. My monthly risky level is $17.70. Federal Mogul (FDML) ($16.46) reported quarterly results on July 24 and beat EPS estimates by 16 cents earning 55 cents a share. The supplier of power-train, chassis and safety technologies has a sell rating after a huge move to the upside from $4.80 a share on April 23 to $17.60 on August 9 then setting a low end of a trading range at $15.09 on August 28. My monthly value level is $13.53 with a semiannual risky level is $18.99.
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