One of the six stocks previewed today is slightly undervalued, and one of the five overvalued is overvalued by 107.3%. Four of the five retail-wholesale stocks have buy ratings, and the other two have hold ratings. One is down 12.2% over the last 12 months, and the five gainers are up between 4.4% and 15.2%. One stock is below its 200-day simple moving average, while five are above their 200-day SMAs, which reflects the risk of reversion to the mean.
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 One-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: The price at which to enter a good 'til canceled 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: The price at which to enter a GTC limit order to sell on strength. Aluminum producer Alcoa ($7.96) closed above its 200-day SMA at $8.38 for two days on Sept. 18 and 19 and traded as low as $7.82 on Oct. 3. My weekly value level is $7.87 with a semiannual risky level at $11.33. The members-only, big-box retailer Costco (COST) ($114.44) set a multiyear high at $120.20 on Aug. 5 then traded as low as $110.19 on Aug. 29. My weekly value level is $113.43 with a monthly risky level at $118.92. My semiannual value level lags at $103.24.
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