Wal-Mart, Target, Home Depot Report Earnings This Week
Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC limit order to sell on strength.
Dicks Sporting Goods (DKS) ($49.35): Reports earnings premarket Tuesday. The stock has a buy rating according to ValuEngine with an elevated price-to-earnings ratio. The stock is above its 200-day simple moving average at $48.54. The stock set a multi-year high at $54.24 on Sept. 18. The weekly chart is negative with the five-week modified moving average at $50.60 and the 200-week SMA at $32.63. Investors and traders should employ a buy-and-trade strategy between the value level and risky level.
Home Depot (HD) ($60.96 vs. $60.86 on Oct. 17): Reports earnings premarket Tuesday. The stock has a buy rating according to ValuEngine with an elevated P/E and is above its 200-day SMA at $52.73. The stock set a multi-year high at $63.20 on Oct. 5. The weekly chart profile is overbought with the five-week MMA at $60.19 and the 200-week SMA at $35.71. Investors and traders should employ a buy-and-trade strategy between the value level and risky level.
Staples (SPLS) ($11.15): Reports earnings premarket Wednesday. The stock has a buy rating according to ValuEngine with a favorable P/E. The stock is below its 200-day SMA at $13.47. The weekly chart profile is negative with the 200-week SMA at $18.45. Investors and traders should employ a buy-and-trade strategy between the value level and risky level. PETsMART (PETM) ($65.99): Reports earnings after market close Wednesday. The stock has a buy rating according to ValuEngine with an elevated P/E and is above its 200-day SMA at $63.17. The stock set a multi-year high at $72.75 on Sept. 10. The weekly chart is negative with the stock above its 200-week SMA at $39.62. Investors and traders should employ a buy-and-trade strategy between the value level and risky level. Target (TGT) ($62.02): Reports earnings premarket Thursday. The stock has a buy rating according to ValuEngine with a reasonable P/E and is above its 200-day SMA at $59.21. The stock set a multi-year high at $65.80 on Sept. 21. The weekly chart is negative with the 200-week SMA is at $50.97. Investors and traders should employ a buy-and-trade strategy between the value level and risky level.Select the service that is right for you!
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