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.