Cisco (CSCO) ($21.14) beat EPS estimates by 4 cents earning 47 cents per share after the close on Feb. 13, and the stock slumped from $21.14 at the close to $20.73 in after hours trading on light guidance on its European business. The weekly chart is overbought with the five-week MMA at $20.58. My annual value level is $17.77 with a monthly pivot at $21.03 and semiannual and annual risky levels at $22.43 and $22.76.
Whole Foods Market (WFM) ($96.90) beat EPS estimates by a penny earning 78 cents per share after the close on Feb. 13, and the stock slumped to from $96.90 at the close to $90.85 in after hours trading on missed revenue. The weekly chart is positive but a close this week below the five-week MMA at $93.87 shifts the profile to neutral. I do not have any value levels and my weekly pivot will likely be a risky level today and tomorrow.
At the time of publication the author held no positions in any of the stocks mentioned.