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NEW YORK (TheStreet) -- Today, I profile ten stocks that have been taken behind the woodshed as the Dow continues its attempt to achieve a new all time closing high above its Oct. 9, 2007, all-time closing high at 14,164.53. A higher closing high for the Dow Industrials is needed to confirm the Dow Theory Buy signal I have been tracking since 2013 began. The Dow Transports set its latest in a string of all-time closing highs at 6020.67 on Feb 19.

While many old economy stocks of the Dow Industrials and Dow Transports probe for new high

Apple

(AAPL) - Get Free Report

, the former MOJO king is in transformation to being a value stock, as investors learn that apple trees do not grow to the sky. On Friday, Apple returned to the woodshed with a new 52-week low of $429.98, now down 39% since setting last September's all-time high at $705.07.

Apple ($430.47) still has a buy rating, is 26.5% undervalued with a twelve month trailing P/E ratio at 9.8. The weekly chart profile remains extremely oversold with the five-week modified moving average (MMA) at $470.71. My annual value level remains $421.05 with a semiannual pivot at $470.21, and annual risky level at $510.64. This week's value level is $397.60.

>>>>Also see: 5 Rocket Stocks Worth Buying This Week

At

www.ValuEngine.com, we show that 59.3% of all stocks are overvalued with 15 of 16 sectors overvalued 8 by double-digit percentages. Today's profiles of 10 stocks are in six overvalued sectors: Computer and technology by 12.3%; construction by 22.5%; consumer discretionary by 7.1%' oils-energy by 0.9%; retail-wholesale by 9.9%; and transportation by 18.6%.

Reading the Table

OV / UN Valued

: The 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 twelve months. Stocks with a Black number increased by that percentage.

>>>>Also see: Are Small-Caps ETFs Still Beautiful?

Forecast 1-Year Return

: Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months.

Value Level

: is the 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

: is the price at which to enter a GTC Limit Order to sell on strength.

Buy and Trade Strategies for today's Woodshed Stocks

:

Cablevision Systems

(CVC)

($13.76) declined from $15.47 at the close on Feb. 27 to a low of $13.68 on Feb. 28 after missing EPS estimates by 40 cents a share on the impact of super storm Sandy. The stock is rated a hold with a negative weekly chart profile, and its five-week MMA at $14.77. I do not show a value level with a weekly pivot at $14.24 and monthly risky level at $16.70.

Dillards

(DDS) - Get Free Report

($80.27) missed EPS estimates but held its 200-day SMA at $75.64 on Feb. 25. The stock still has a buy rating with a negative weekly chart profile and the five-week MMA at $83.78. My semiannual value level is $62.99 with a quarterly pivot at $83.66 and weekly risky level at $86.12.

Expeditors International

(EXPD) - Get Free Report

($38.82) missed EPS estimates by three cents a share on Feb. 26, earning 40 cents a share. The transportation company reported weaker than expected demand for air freight services out of Asia and the stock fell from $39.99 on Feb. 25 to a low of $36.08 on Feb. 26, before returning to its 200-day SMA at $38.35. The stock is rated a hold with a negative weekly chart profile with the five-week MMA at $41.05 and the 200-week SMA at $41.33. My monthly value level is $37.41 with a weekly risky level at $41.78.

>>> Also see: 10 Buy-Rated Bank Stocks With Highest Dividend Yields

First Solar

(FSLR) - Get Free Report

($25.35) beat EPS estimates by 29 cents a share, earning $2.04 on Feb. 26. The company stated that the market environment remained challenging and the stock declined from $31.36 at the close on Feb. 26, trading to a low of $24.92 on Friday. The stock is rated a buy with a negative weekly chart profile and the five-week MMA at $30.05. The 200-day SMA is $22.91 with a weekly pivot at $26.33 and semiannual risky level at $36.34.

Foster Wheeler

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($20.22) the construction company missed EPS estimates by $0.08 on March 1, earning 38 cents a share. A revenue miss and cautious comments on the economic recovery caused the stock to fall from a close of $24.06 on Feb. 28 to a low of $19.35 on March 1, gapping below its 200-day SMA at $21.69. The stock is rated a buy with a negative weekly chart profile and the five-week MMA at $24.18. My quarterly value level is $13.83 with a weekly pivot at $24.04 and semiannual risky level at $26.44.

Garmin

(GRMN) - Get Free Report

($35.14) missed EPS estimates by eight cents a share, earning 66 cents back on Feb. 20, reporting that revenue on auto/mobile products fell 25%. The stock plunged from a close of $39.24 on Feb. 19 to a low of $34.31 on Feb. 26. The stock is rated a hold with a negative weekly chart profile, the five-week MMA at $37.74 and the 200-week SMA at $34.82. My weekly value level is $33.22 with a monthly risky level at $38.37.

JCPenney

(JCP) - Get Free Report

($17.69) missed EPS estimates by a mammoth $1.74, reporting a loss of $1.95. The stock fell from $21.16 at the close on Feb. 27 to a low of $16.57 on Feb. 28. The stock is rated a hold with a negative weekly chart profile and the five-week MMA at $19.67. The Nov. 16 low is $15.69 with a semiannual pivot at $17.38 and monthly risky level at $18.91.

>>>>Also see: Don't Get Too Excited About Best Buy

McDermott International

(MDR) - Get Free Report

($10.70) beat EPS estimates by three cents a share, earning 26 cents on Feb. 28, but the builder of offshore drilling platforms warned of delays and projected losses. The stock fell from a close of $12.72 on Feb. 28 to a low of $10.61 on March 1. The stock is rated a hold with a negative weekly chart profile, the five-week MMA at $12.05 and the 200-week SMA at $13.89. My quarterly value level is $7.24 with a monthly pivot at $12.17 and weekly risky level at $12.54.

Verifone Systems

(PAY)

($19.05) reports quarterly results this week on March 5, with an expected EPS of 37 cents a share. Back on Feb. 20 with the stock closing at $31.89, allegations that the company violated federal securities laws caused a gap lower open on Feb. 21 to a low of $17.93. The stock is rated a buy with a negative weekly chart profile, the five-week MMA at $27.96 and the 200-week SMA at $30.81. The May 2010 low is $15.62 with this month's risky level is $24.97.

At the time of publication the author had no position in any of the stocks mentioned.

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This article was written by an independent contributor, separate from TheStreet's regular news coverage.