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.
Analog Devices (ADSK) ($49.76) set a multi-year high at $50.79 on Nov. 15 after holding its 200-day SMA on Oct. 9. The hold rated designer of integrated circuits has a monthly value level at $48.73 with a weekly pivot at $50.46 and a semiannual risky level at $51.19.Barnes & Noble (BKS) ($15.81) set a multi-year low at $12.59 on Sept. 30 and has been above its 50-day SMA at $14.20 since Oct. 21 with the 200-day SMA overhead at $16.61. The buy rated book and nook retailer has an annual value level at $14.33 with a monthly pivot at $16.65 and a quarterly risky level at $17.14. Brown Shoe (BWS) ($25.81) set a multi-year high at $25.93 on Friday. The hold rated maker of footwear for all members of the family has a weekly value level at $24.41 with a monthly pivot at $25.77 and quarterly risky level at $26.19. Cracker Barrel (CBRL) ($116.87) set a multi-year high at $117.61 on Friday. The buy country store and eatery found at major exits on the Interstate highways has a quarterly value level at $111.58 with a monthly risky level at $117.38. (CHS) ($17.90) moved above its 200-day SMA at $17.17 on Nov. 4 and traded as high as $18.35 on Thursday. The buy rated retailer of private label casual clothing has an annual value level at $16.25 with a monthly pivot at $17.22 and semiannual risky level at $19.10. Hewlett-Packard ($25.26) traded to a second half 2013 low at $20.25 on Oct. 8 and has been above its 200-day SMA since Oct. 9 and traded as high as $26.59 on Nov. 11. The hold rated provider of computers and printers has a semiannual value level at $24.24 with a monthly pivot at $26.84 and a weekly risky level at $27.53.
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