At www.ValuEngine.com we show that the Consumer Discretionary sector 9.5% overvalued with the Movie/TV Production industry 6.5% overvalued. All six stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.
Bona Film Group Limited (BONA) – has been below $8.50 since the stock began trading in December 2010.
Cinedigm Digital Cinema Corp. (CIDM) – has been below $9.70 for at least five years.
Digital Cinema Destinations Corp. (DCIN) – has been below $8.10 since the stock began trading in April 2012.
Outdoor Channel Holdings, Inc. (OUTD) – has been below $10 since the week of August 17, 2007.
RRSat Global Communications Network Ltd. (RRST) – was a $26 stock in September 2007. Has been below $10 since the week of may 28, 2010.
World Wrestling Entertainment Inc. (WWE) – has been below $10 since the week of December 23, 2011.
Reading the Table
OV / UN Valued – The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. The most undervalued stock is CIDM by 56.9%. The most overvalued stock is RRST by 29.9%.
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. Four stocks are rated Hold and two stocks are rated Sell (CIDM & DCIN).
Last 12-Month Return (%) – Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage over the past twelve months! The biggest winner over the last twelve months is RRST with a gain of 88.5%. The biggest loser was CIDM with a loss of 18.4%.
Forecast 1-Year Return – Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months. No big winners are projected with CIDM expected to be lower by 7.6% over the next twelve months.
P/E Ratios – The twelve month trailing P/E ratios range from 19.3 to 53.9 (OUTD).
Value Level: is the 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 acts as a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.
Where to Buy and Where to Sell – A “Value Level” is a price at which buyers should add to positions on market price weakness. A “Risky Level” is a price at which sellers should reduce holdings on market price gains. A “Pivot” is a support or resistance (Value Level or Risky Level) that was violated in its time horizon, acting as a magnet during the remainder of that time horizon. These levels are calculated in weekly (W), monthly (M), quarterly (Q), semiannual (S) and annual (A) time horizons, based on the past nine closes in each time horizon. My theory is that the closes over a nine-year period are the summation of all bullish and bearish events for that market or specific stock. These levels are the most important element of my Buy and Trade Strategy.
Buy and Trade Guidelines: Investors should consider entering good until cancelled (GTC) orders to buy weakness to a value level, or to sell strength to a risky level.
If you have any questions, please contact me at [email protected].