How to Trade the Big Stocks Reporting Earnings Tuesday

Google (GOOG) ($704.51) is expected to earn $8.61 per share. Google set an all-time high at $774.38 on Oct. 5 then fell to $636.00 on Nov. 16, holding its 200-day SMA at $638.41 that day. The daily chart is negative, and the weekly chart is neutral. The five-week MMA is at $709.40. The stock has been upgraded to buy from hold. My quarterly value level is at $660.40, and my monthly risky level is at $734.46.

IBM (IBM) ($194.47) is expected to earn $5.25 per share. IBM set a multiyear high at $211.79. The stock is below its 200-day SMA at $196.91. The daily chart is neutral, and the weekly chart is positive, with the five-week MMA at $193.40. The stock has a buy rating. My weekly value level is at $191.39, and my quarterly risky level is at $228.38.

Texas Instruments (TXN) ($33.52) is expected to earn 33 cents per share. TXN is approaching its 52-week high at $34.24, which was set on March 27, 2012, and the stock is above its 200-day SMA at $29.39. The daily chart is overbought, and the weekly chart is also overbought, with the five-week MMA at $31.27 and the 200-week SMA at $27.98. The stock has a hold rating, with my quarterly value level at $28.56, an annual pivot at $32.99 and semiannual risky level at $41.27.

At the time of publication, Suttmeier had no positions in stocks mentioned.

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

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

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at [e-mail].

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