Manitowoc ( MTW) ($15.22): Has a hold rating, is 13.2% undervalued with an elevated P/E at 21.6. The daily chart is negative with the 50-day and 200-day SMAs at $14.64 and $13.11. The weekly chart is positive with the five-week MMA at $14.84 and the 200-week SMA at $11.87.

Owens Illinois ( OI) ($20.77 vs. $18.76 on Oct. 1): Has a buy rating, is 13.9% undervalued with an excellent P/E at 7.9. Owens set a 2012 high at $25.46 on Jan. 26 with a Sept. 5 low at $16.82. The daily chart is positive but overbought with the 50-day and 200-day SMAs at $19.85 and $20.12. The weekly chart is positive with the five-week MMA at $20.10 and the 200-week SMA at $25.99.

Parker Hannifin ( PH) ($83.86 vs. $83.58 on Oct. 1): Has a hold rating, is 2.6% overvalued with a favorable P/E at 12.2. PH traded to a 2012 high at $91.47 on Feb. 29 and as low as $70.42 on July 12. The daily chart is neutral with the 50-day and 200-day SMAs at $81.41 and $81.81. The weekly is positive with the five-week MMA at $82.77 and the 200-week SMA at $70.64.

Terex ( TEX) ($26.32): Has a hold rating, is 5.4% undervalued with a favorable P/E at 13.0. The daily chart is neutral with the 50-day and 200-day SMAs at $24.13 and $21.53. The weekly chart is positive with the five-week MMA at $24.79 and the 200-week SMA at $21.35.

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

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

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