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Evaluating stocks both with technical and fundamental metrics is considered a prudent way to invest. The following stocks are in a consistent down trend, making consecutive lower lows and lower highs, resulting in a price decline. Each relative low is below the preceding low, and each relative high is below the preceding high. The volumes in these securities are increasing, suggesting a reversal in the down trend. These stocks are evaluated using the following fundamental metrics:

Price to earnings ratio is the most commonly used investment metric. The assessment of relative changes in PE ratio over the course of time highlights the low and high multiples investors are willing to pay for the current and future earnings of a company. Most investors would like to compare the current PE of the company with its historical averages. Comparing a company's current P/E ratio with benchmarks such as its historical P/E average can help a value investor determine if the stock is cheap, fully valued or overpriced.

A rule of thumb for stock valuation that is popular on Wall Street is to calculate the sum of the expected growth rate of a stock's earnings plus its dividend yield and divide this by its P-E ratio. The higher the ratio, the better, and the famed money manager Peter Lynch recommends investors select stocks with a ratio of 2 or higher and to avoid stocks with a ratio less than 1.

Norfolk Southern Corp (NYSE:NSC): Norfolk Southern Corporation and its subsidiaries engage in the rail transportation of raw materials, intermediate products and finished goods primarily in the United States. The stock has a ROA of 5.4% and a ROE of 14.2%. The company is trading with a ROIC of 8.5%. The company is expected to grow at 14.64 % over the next 5 years. The average of the minimum forward price to earnings multiples over the last 5 years for the company is 9.88, and the average price to earnings multiples in the same period is 12.58. NSC is valued at $64.6 using the minimum earnings multiples and $82.2 using the average earnings multiples over the last 5 years. The company has a GY2PE of 1.56. NSC is currently trading at $69.31, falling $4.5 or 6.1% this year. If the market remains bullish NSC can gain 18% this year.

DeVry Inc (NYSE:DV): DeVry Inc. is a provider of educational services and the parent organization of Advanced Academics, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University and Ross University. DV has a ROA of 18% and a ROE of 27.2%. The company is trading with a ROIC of 26.7%.

The company is expected to grow at 5.2 % over the next 5 years. The average of the minimum forward price to earnings multiples over the last 5 years for the company is 12.6, and the average price to earnings multiples in the same period is17.3. The stock is valued at $30.9 using the minimum earnings multiples and $42.39 using the average earnings multiples over the last 5 years. The company has a GY2PE of 0.58. DV is currently trading at $36.72, falling $2 or 5.3% this year. DV is trading between its historical min and average multiples. This might not be a great fit for value investors.

Allegheny Technologies Inc (NYSE:ATI): Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. The Company's products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, advanced powder alloys, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings.

ATI has a ROA of 1.6% and a ROE of 3.5%. The stock is trading with a ROIC of 2.3%. ATI is expected to grow at 25.24 % over the next 5 years. The average of the minimum forward price to earnings multiples over the last 5 years for the company is 21.79 and the average price to earnings multiples in the same period is 52.42. ATI is valued at $123.5 using the minimum earnings multiples and $297.2 using the average earnings multiples over the last 5 years. The company has a GY2PE of 2.09. ATI is currently trading at $44.07, falling $6.1 or 12% this year. As most of the metal companies are trading at a forward PE lower than 8, ATI is trading at lower PEs-- as the metal fabricator industry outlook improves this stock has very high potential to go higher.

International Game Technology (NYSE:IGT): International Game Technology designs, manufactures and markets electronic gaming equipment and systems worldwide. The company offers products like casino-style slot machines that determine the game play outcome at the machine; wide area progressive jackpot systems with linked machines across various casinos and others. The stock has a ROA of 4.6% and a ROE of 15.3%. The company is trading with a ROIC of 5.3%.

The company is expected to grow at 11.1 % over the next 5 years. The average of the minimum forward price to earnings multiples over the last 5 years for the company is 16.53 and the average price to earnings multiples in the same period is 29.69. The company is valued at $17.02 using the minimum earnings multiples and $30.58 using the average earnings multiples over the last 5 years. The company has a GY2PE of 0.95. IGT is currently trading at $15.11, falling $2.3 or 13% this year.

CSX Corp (NYSE:CSX): CSX Corporation and its subsidiaries provide rail-based transportation services. The company provides traditional rail service and the transport of inter-modal containers and trailers. CSX has a ROA of 6% and a ROE of 18.8%. CSX is trading with a ROIC of 9.8%.

The company is expected to grow at 13.58 % over the next 5 years. The average of the minimum forward price to earnings multiples over the last 5 years for the company is 11.41 and the average price to earnings multiples in the same period is 18.55. CSX is valued at $23.0 using the minimum earnings multiples and $37.3 using the average earnings multiples over the last 5 years. The company has a GY2PE of 1.41. CSX is currently trading at $21.69, falling $0.35 or 1.6% this year.

Source: Can These 5 Beaten Down Stocks Climb Higher?