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), 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.
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.