The Retail Bubble Stocks are Deflating

Tickers in this article: AMZN COST IYC LOW WMT

Under Armour (UA) ($47.65 vs. $54.74 on Nov. 29 and $58.08 on Oct. 17): Set an all-time high at $60.96 on Sept. 14. UA is 18.6% undervalued, still has a hold rating and an elevated trailing 12 months P/E at 41.5. The daily chart is neutral with the 50-day and 200-day SMAs at $52.37 and $51.74. The weekly chart stays negative with a close this week below the five-week MMA at $50.63. My semiannual value level is $42.68 with a weekly pivot at $49.27 and monthly risky level at $57.66.

Wal-Mart (WMT) ($67.99 vs. $70.56 on Nov. 29 and $76.91 on Oct. 17): Set an all-time high at $77.60 on Oct. 16. WMT is 4.5% overvalued, still has a buy rating and a reasonable trailing 12 months P/E at 14.1. The daily chart is oversold with the 50-day and 200-day SMAs at $71.86 and $68.80. The weekly chart stays negative with a close this week below the five-week MMA at $70.28. My weekly value level is $65.71 with a quarterly pivot at $68.55 and monthly risky level at $79.76.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.