Last week, we continued the profit-taking theme and identified six semiconductor stocks that were overvalued by 20% or more according to our proprietary ValuEngine.com stockvaluationmodel.
The Forecast Model builds upon the output of the StockValuationModel and combines this data with econometric and simulation techniques to output target prices for one, three, and six-month and one, two, and three-year time horizons.
The market close on Friday, February 18 gave our ValuEngine Valuation Warning another boost and the ValuEngine.com ValuationModel calculated that 68.6% of our 5, 000 stock universe was overvalued.