Intel ( INTC) ($24.16) traded as low as $22.64 on July 10 versus my monthly value level at $22.95. After the close on Wednesday Intel reported it matched EPS estimates earning at 39 cents per share. The buy rated stock traded around the flat line in after-hours trading despite a miss on the revenue line and lowered guidance. Intel is down 3.5% in the premarket. My monthly value level is $22.95 with a weekly pivot at $24.40 and quarterly risky level at $25.38.
Reading the Table
OV/UN Valued: 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 12 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 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months. Value Level: 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: Price at which to enter a GTC limit order to sell on strength.
Companies reporting Monday: The six stocks in today's table are overvalued by 7.8% to 47.4%. Three have hold ratings and three have buy ratings. The gains over the last 12 months are between 8.9% and 227.6%. Five of six are projected to gain between 2.3% and 8.6% over the next 12 months. All six are above their 200-day simple moving averages reflecting the risk of a reversion to the mean.