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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Intel Has Led 13 Stocks in the SOX Higher

Stocks in this article: AMD CREE INTC KLAC SNDK TXN QCOM XLNX BRCM LRCX MRVL MU NVDA

Micron Tech (MU) ($23.67) set a multiyear intraday high at $24.50 on Jan. 8 with its 200-day SMA at $15.37. The weekly chart profile is positive but overbought with its five-week MMA at $21.82 and its 200-week SMA at $9.40. Micron has a hold rating, is 44% overvalued and has gained 211.5% over the last 12 months. My quarterly value level is $18.60 with monthly and weekly risky levels at $24.48 and $24.71.

Nvidia Corp (NVDA) ($15.84) set a 52-week intraday high at $16.44 on Jan. 8 with its 200-day SMA at $14.78. The weekly chart profile is positive with its five-week MMA at $15.63 and its 200-week SMA at $14.43. Nvidia has a buy rating, is 12.9% overvalued and has gained 29.8% over the last 12 months. My weekly value level is $15.97 with a monthly pivot at $17.27.

Qualcomm (QCOM) ($73.39) set a multiyear intraday high at $74.50 on Jan. 10 with its 200-day SMA at $66.93. The weekly chart profile is positive but overbought with its five-week MMA at $72.75 and its 200-week SMA at $56.76. Qualcomm has a buy rating, is 7.8% overvalued and has gained 14.2% over the last 12 months. My semiannual value levels are $69.51 and $64.35 with weekly, monthly and quarterly risky levels at $74.55, $74.91 and $76.84.

SanDisk($72.25) set a multiyear intraday high at $73.92 on Jan. 8 with its 200-day SMA at $61.53. The weekly chart profile is positive but overbought with its five-week MMA at $69.67 and its 200-week SMA at $47.69. SanDisk has a buy rating, is 36.2% overvalued and has gained 53.9% over the last 12 months. Weekly and annual value levels are $68.53 and $61.86 with monthly and semiannual risky levels at $73.93, $74.30 and $79.36.

Texas Instruments($43.34) set a multiyear intraday high at $44.09 on Dec. 31 with its 200-day SMA at $39.02. The weekly chart profile is positive but overbought with its five-week MMA at $42.86 and its 200-week SMA at $32.02. The stock has a buy rating, is 45% overvalued and has gained 34% over the last 12 months. Quarterly and semiannual value levels are $41.82, $41.39 and $40.60 with a monthly risky level at $44.09.

Xilinx (XLNX) ($46.05) set a multiyear intraday high at $48.12 on Sept. 17 with its 200-day SMA at $42.94. The weekly chart profile is positive with its five-week MMA at $45.22 and its 200-week SMA at $34.21. The stock has a buy rating, is 25.8% overvalued and has gained 28.5% over the last 12 months. My annual value level is $36.42 with semiannual pivots at $46.83 and $46.83 and with quarterly and monthly risky levels at $47.00 and $50.74.

At the time of publication the author held no positions in any of the stocks mentioned.

Follow @Suttmeier

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff

Richard Suttmeier is the chief market strategist at ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com
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