Tuesday, April 24, 2012

Five Value Stocks Flashing Buy Signals

One of our daily scans today produced 5 stocks that are undervalued based on fundamentals and in particular the PEG Ratio. All five also have bullish charts and have recently pulled back from highs to flash at least a low level buy signal.

  1. Chicago Bridge & Iron Company ($CBI) - PEG ratio 0.86; engineering, procurement, and construction firm the energy and natural resources industry worldwide.
  2. GeoResources ($GEOI) - PEG ratio 0.6; oil and natural gas company that acquires and re-engineers the fields.
  3. AMERCO ($UHAL) - PEG ratio 0.8; better known as U-Haul.
  4. Continental Resources ($CLR) - PEG ratio 0.95; oil and natural gas exploration company with operations throughout several parts of the US.
  5. Flotek Industries ($FTK) - PEG ratio 0.8; supplies drilling and related products to the energy and mining sectors around the globe.

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