NEW YORK ( TheStreet) -- We ended last week with Apple ( AAPL) ($464.90) testing its 50-day and 200-day simple moving averages converged at $464.93 and $462.16 and with an upgrade to buy from hold according to www.ValuEngine.com.As we continue to focus on Apple, which clearly remains one of the benchmark stocks in the computer and technology sector, we also focus on earnings reports from three other stocks in this sector, plus earnings from one stock in the business services sector and another in the industrial products sector. The computer and technology sector is 25.4% overvalued with the business services sector 20.2% overvalued and the industrial products sector 21.4% overvalued.
One of the five stocks previewed in this post is undervalued and three of the other five are overvalued by more than 20%. One stock is down 20.7% over the last 12 months, while three have gained between 17.7% and 45.6%. Four of the five are trading above their 200-day SMAs, which reflects the risk of reversion to the mean.
Software applications maker Oracle ( ORCL) ($32.46) is trading between its 50-day and 200-day SMAs at $32.30 and $33.33. My annual value level is $30.81 with a monthly pivot at $32.33 and annual risky level at $34.68. TIBX) ($24.61) set a 2013 high at $25.76 on Aug. 1 then declined to $22.23 on Aug. 23 holding the 200-day SMA at $22.10. My monthly value level is $21.86 with a weekly pivot at $23.56 and semiannual risky level at $33.66. 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.