Bobbing for Apple, Amazon and Google Shares

NEW YORK ( TheStreet) -- It's a tale of three different profiles for everyone's favorite Mojo stocks Apple ( AAPL), ( AMZN) and Google ( GOOG).

On Jan. 15, I wrote Mojo Shifting for Apple, Amazon and Google where I profiled these names pre-earnings. Since then, Apple traded to a new 52-week low at $435.00 on Jan. 25, after beating earnings expectations by 37 cents a share reporting $13.81 EPS.

Also on Jan. 25, set a new all-time at $284.72. On Jan. 29 the company missed earnings expectations by 9 cents a share on 21 cents EPS. Amazon traded as high as $288.00 in after-hours trading on Jan. 29, but the high on Jan. 30 was just $284.20.

Google beat earnings expectations by 41 cents a share reporting $9.02 EPS after the close on Jan. 22. The stock closed that day at $702.87 and opened at $735.99 on Jan. 23 and continued to the upside with a new all-time high at $776.60 set on Feb. 1.

Dow Industrials closed above 14,000 Friday with the yield on the U.S. Treasury 30-year bond approaching 3.25%. As a result, 65% of all stocks were overvalued. Because of this fundamental downgrade, issued a ValuEngine Valuation Warning.

Bobbing for Apple Shares: Apple ($442.32) is bucking the market trend with a buy rating with the stock 23.8% undervalued with fair value at $580.79. Apple has a 12 months forward price-to-earnings ratio of just 9.00. Apple set an all time high at $705.07 on Sept. 21 when ValuEngine had $700.00 as its one-year price target. At the 52-week low of $435.00 set on Jan. 25, the stock was down 38.3% from top to bottom.

Apple is extremely oversold with its 12x3x3 weekly slow stochastic reading is 11.09 on a scale of 00.00 to 100.00 where a reading under 20.00 is oversold. My annual value level is $421.05 with a weekly pivot at $451.89, a semiannual pivot at $470.21 and annual risky level at $510.64.

Sell Strength on Amazon: ($259.98) has a hold rating, is 4.8%% overvalued with fair value at $248.04, and a 12 months forward P/E of 117.76. Monday's share price weakness has Amazon showing a 12x3x3 weekly slow stochastic reading at 79.66 down from 82.04 last week. A close this week below its five-week modified moving average at $262.13 with Mojo falling below 80.00 will be a technical sell signal for the stock. Semiannual and annual value levels are $241.23 and $226.80 with a quarterly pivot at $255.75 and weekly and monthly risky levels at $272.17 and $282.88.

Buy and Trade Levels for Google: Google ($759.02) has a hold rating, is 8.3% overvalued with fair value at $700.58, and a 12 months forward P/E of 17.12. Google has a 12x3x3 weekly slow stochastic reading that's rising at 76.24 from 71.87 last week so its weekly chart is not yet overbought, and stays positive with a close this week above its five-week modified moving average at $735.58. My quarterly value level is $660.40 with weekly and monthly risky levels at $783.56 and $808.04.

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 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