NEW YORK (TheStreet) -- Eight of the nine discount retailers I have been following peaked in 2012 between March and October. Only one has been a leader trading to a new multi-year high yesterday. Eight of the nine, including the leader are in the iShares DJ US Consumer Services Sector Index Fund(IYC) - Get Report, which traded to an all time high this morning in reaction to a better than expected retail sales release.

The last time I covered these stocks as a group was on Dec. 13, 2012, in

Discount Retailers, From Leaders to Laggards

. Not much has changed in their ValuEngine characteristics, but the stocks have had choppy stock price performances since then.

All nine discount retailers are buy-rated according to

www.ValuEngine.com

, five are undervalued by 1.6% to 9.9%, and four are overvalued by 4.4% to 11.4%.

Three have declined by 1.3% to 21.1% over the last twelve months and six have gained between 2.4% and 21.3%. These stocks are projected to gain between 5.9% and 9.7% over the next twelve months. The twelve-month trailing P/E ratios are between 14.5 and 24.3.

Technically, four are below their 200-day simple moving averages (SMA), while five are above their 200-day SMAs.

I covered six of these nine retailers on Dec. 27, in

The Retail Bubble Stocks are Deflating

, and covered three of their earnings reports on Feb. 25, in

Retailers Headline This Week's Earnings

.

This morning we learned that Retail Sales rose by 1.1% in February, well above the 0.5% consensus estimate from economists. We remain under a ValuEngine Valuation Warning with 65.0% of all stocks overvalued. The retail-wholesale sector, which contains all nine retailers profiled today is 16.5% overvalued.

Chart Courtesy of Thomson / Reuters

iShares DJ US Consumer Services Sector Index Fund traded to a new all time high this morning at $96.33. The daily chart above shows overbought momentum with the 21-day, 50-day and 200-day SMAs at $93.84, $92.18 and $85.97. My quarterly value level is $88.18 with monthly and semiannual pivots at $94.40 and $95.48 and this week's risky level at $97.60.

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.

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

: 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

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

Big Lots

(BIG) - Get Report

($35.76 vs. $27.65 on Dec. 13) set a multi-year high at $47.22 on March 27, 2012. BIG has gone from being oversold to being overbought on its weekly chart profile since Dec. 13 with its five-week modified moving average (MMA) at $33.39. My semiannual value level is $28.14 with weekly and quarterly risky levels at $38.48 and $40.54.

Costco Wholesale

(COST) - Get Report

($103.75 vs. $97.72 on Dec. 13) set an all-time high at $105.97 on Dec. 5, 2012. The weekly is positive with the five-week MMA at $102.07. My annual value level is $93.09 with a semiannual pivot at $100.61, and weekly, monthly and quarterly risky levels at $104.46, $105.05 and $106.33.

Dollar General

(DG) - Get Report

($47.76 vs. $44.39 on Dec. 13) set an all-time high at $56.04 on July 10, 2012, and recent strength tested the 200-day SMA at $48.77. The weekly chart profile is positive with the five-week MMA at $46.58. My monthly value level is $42.33 with an annual pivot at $45.67 and semiannual and quarterly risky levels at $50.94 and $54.76.

Dollar Tree

(DLTR) - Get Report

($44.64 vs. $38.65 on Dec. 13) set an all-time high at $56.81 on June 20, 2012 and recent strength tested the 200-day SMA at $45.41. The weekly chart is positive with the five-week MMA at $42.88. My monthly value level is $34.94 with weekly and semiannual risky levels at $46.31, $47.35 and $50.27.

Family Dollar

(FDO)

($58.58 vs. $66.48 on Dec. 13) set an all-time high at $74.73 on June 14, 2012. The weekly chart shifts to positive on a close this week above the five-week MMA at $58.49. My annual value level is $49.09 with a weekly pivot at $48.94 and monthly risky level at $59.83.

Ross Stores

(ROST) - Get Report

($55.90 vs. $54.41 on Dec. 13) set an all-time high at $70.82 on Aug. 20, 2012 and strength to $62.07 Feb. 7 was just below the 200-day SMA. The weekly chart is negative with the five-week MMA at $57.63. My annual value level is $51.51 with an annual pivot at $54.55 and monthly, weekly and quarterly risky levels at $59.32, $60.85 and $63.59.

Target

(TGT) - Get Report

($67.11 vs. $60.54 on Dec. 13) set a multi-year high at $67.56 on March 12, 2013. The weekly chart is positive with the five-week MMA at $63.87. My annual value level is $65.45 with a monthly pivot at $66.39 and semiannual risky level at $70.31.

TJX Companies

(TJX) - Get Report

($44.59 vs. on Dec. 13) set an all-time high at $46.67 on Aug. 29, 2012. The weekly chart is overbought but shifts to negative with a close this week below the five-week MMA at $44.67. My semiannual value level is $35.77 with an annual pivot at $45.75 and weekly, semiannual and quarterly risky levels at $46.01, $48.10 and $49.78.

Wal-Mart Stores

(WMT) - Get Report

($73.60 vs. $68.94 on Dec. 13) set an all time high at $77.60 on Oct. 16, 2012. The weekly chart profile is positive with the five-week MMA at $71.44. My quarterly value level is $70.08 with a weekly pivot at $73.07 and monthly risky level at $74.19.

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.