At www.ValuEngine.com we show that the Oils-Energy sector is 3.5% undervalued, with the Solar industry 2.2% undervalued. All six of the stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.
CSIQ – traded above $50 in June 2008 and has been below $10 since the week of July 22, 2011.
JASO – traded above $130 in May 2008, and has only been below $10 since February 24, 2012.
JKS – traded above $40 in November 2010 and has only been below $10 since February 14, 2012.
SOL – traded above $29 in May 2008 and has been below $10 since the week of April 15, 2011.
SPWR – traded above $160 in November 2007 and has been below $10 since the week of November 11, 2011.
STRI – traded above $28 in November 2010 and has only been below $10 since February 6, 2012.
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 in today’s table is CSIQ by 31.0%. The most overvalued stock is JASO by 165.9%.
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. We have one Hold rated stock (SPWR), and five strong sell rated stocks.
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 CSIQ with a gain of 19.8%. The biggest loser is STRI with a loss of 70.0%.
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. All six stocks are projected to be lower twelve months from now with JKS the projected biggest loser with a loss of 32.1%.
P/E Ratios – None of these stocks have a P/E ratio.
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.
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