NEW YORK ( TheStreet) -- When I travel back and forth between Tampa Bay and the New York City area, I keep an eye on the number of trucks on the highways and like to stop along the way where the truckers do, TravelCenters of America ( TA). During my last trip in mid-August, I wrote Buy TravelCenters as the Economy Improves.TravelCenters ($8) had a strong buy rating when I thought the stock had some upside for a buy-and-trade strategy as a proxy for the transportation sector, where 72.4% of the 181 stocks are rated sell or strong sell. TravelCenters stock closed at $7.57 on Aug. 13 and continued to move sideways to down to $7.35 on Aug. 27. The stock is in the retail-wholesale sector and is now rated buy according to ValuEngine. The 12-month forward price-to-earnings ratio remains at 7.8, and the stock trades at 71% of its book value. The stock tested its 200-day simple moving average at $8.57 on Tuesday, up about 16% off the recent low. ValuEngine one-year price target is $8.60. My semiannual value level is $7.18 with a quarterly pivot, now a magnet at $8.04 and my semiannual risky level at $9.32. Today I am profiling 14 stocks in the trucking industry. One is rated a strong buy, one is rated hold and 12 are rated sell. Only two are undervalued and eight are overvalued by more than 20%. Nine have gained more than 40% over the last 12 months with three of these up between 124.2% and 228.1%. Twelve-month trailing P/E ratios are elevated between 16 and 26.8. Thirteen are above their 200-day simple moving averages reflecting the risk of reversion to the mean.
Landstar System ( LSTR) ($57.20) set a 2013 low at $50.39 on June 26 and then traded as high as $57.94 on Sept. 11. My quarterly value level is $55.02 with a semiannual pivot at $57.42, which was tested on Wednesday and annual risky level at $64.85. Marten Transport ( MRTN) ($17.44) set a multiyear high at $18.62 on Aug. 22 and traded down to $17.05 on Sept. 6 holding its 50-day SMA. My quarterly value level is $15.29 with a semiannual pivot at $17.17, which was tested at the low and annual risky level at $21.26. Old Dominion ( ODFL) ($46.43) set a multiyear high at $46.48 on Sept. 11. My semiannual value level is $40.38 with a monthly risky level at $46.87. Roadrunner ( RRTS) ($27.63) set a multiyear high at $30.98 on Aug. 1 and traded down to $26.38 on Aug. 14. My quarterly value level is $23.83 with a monthly risky level at $32.62. Saia Inc ( SAIA) ($32.81) set a multiyear high at $34.97 on July 11 and traded down to $27.95 on Aug. 15. My quarterly value level is $27.78 with a monthly risky level at $44.19. Swift Transport ( SWFT) ($20.15) set a multiyear high at $20.30 on Sept. 11. My annual value level is $15.85 with a monthly risky level at $22.55. Universal Truckload ( UACL) ($28.19) set a multiyear high at $29.99 on July 30 and then traded down to $23.45 on Aug. 16. My semiannual value level is $20.98 with a monthly risky level at $28.95. Werner Enterprises ( WERN) ($24.35) set a multiyear high at $25.44 on May 22 and traded down to $22.89 on Sept. 3. My annual value level is $21.04 with a monthly pivot at $25.68 and semiannual risky level at $27.96. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.