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BRICS Smash Bubbles in Boeing, 3M and These Dow Stocks

Nike (NKE) ($71.51) has declined 10.9% since setting an all-time intraday high at $80.26 on Dec. 9. The company makes high quality athletic footwear and apparel worldwide. The stock traded as low as $69.85 on Feb. 5, staying above its 200-day SMA at $69.46. The weekly chart is negative, with its five-week MMA at $74.29 and its 200-week SMA at $50.83. Nike has a hold rating and is 19.2% overvalued, with a gain of 32% over the last 12 months. My quarterly value level is $58.15, with monthly and semiannual risky levels at $80.85 and $89.41.

United Technologies (UTX) ($109.45) has declined 7.4% since setting an all-time intraday high at $118.20 on Jan. 22. This multi-sector conglomerate provides building systems such as elevators and air conditioning used around the world as emerging market economies surged. The stock traded as low as $107.00 on Feb. 5, staying above its 200-day SMA at $104.15. The weekly chart is negative, with its five-week MMA at $111.63 and its 200-week SMA at $84.08. United Technologies has a hold rating and is 11.9% overvalued with a gain of 22.5% over the last 12 months. Semiannual and annual value levels are $104.66, $104.87 and $97.11, with a quarterly pivot at $113.70 and monthly risky level at $119.63.

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

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 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 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
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