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.
[Read: 3 Stocks Under $10 in Breakout Territory]
Big Lots ($38.96) set a multi-year high at $39.22 on May 22 and is challenging that high pre-earnings with a high at $39.01 on Tuesday. The buy rated close out merchandise and toys has a monthly value level at $36.65 with a weekly pivot at $37.89 and semiannual risky level at $44.47.
Dollar General ($56.48) set a multi-year high at $59.87 on Oct. 25 and ended last week below its 50-day simple moving average at $58.00. The buy rated discounter is above its 200-day SMA at $53.74 with a semiannual pivot at $56.97 and a monthly risky level at $58.77.
Diamond Foods (DMND) ($23.41) set a multi-year high at $25.32 on Sept. 26 and approached that level with a high of $25.07 on Nov.29 then traded lower pre-earnings on Tuesday to close just above its 50-day SMA at $23.28. The hold rated distributor of nuts such as peanuts, cashews, walnuts and almonds is above its 200-day SMA at $19.61 with a monthly pivot at $25.33 and a weekly risky level at $26.80.
Five Below (FIVE) ($50.49) set a multi-year high at $55.28 on Nov. 18. The buy rated specialty retailer of merchandise for teens and pre-teens has a monthly value level at $47.64 with a weekly risky level at $54.42.