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Apple Joins Others Behind the Woodshed

Garmin (GRMN) ($35.14) missed EPS estimates by eight cents a share, earning 66 cents back on Feb. 20, reporting that revenue on auto/mobile products fell 25%. The stock plunged from a close of $39.24 on Feb. 19 to a low of $34.31 on Feb. 26. The stock is rated a hold with a negative weekly chart profile, the five-week MMA at $37.74 and the 200-week SMA at $34.82. My weekly value level is $33.22 with a monthly risky level at $38.37.

JCPenney (JCP) ($17.69) missed EPS estimates by a mammoth $1.74, reporting a loss of $1.95. The stock fell from $21.16 at the close on Feb. 27 to a low of $16.57 on Feb. 28. The stock is rated a hold with a negative weekly chart profile and the five-week MMA at $19.67. The Nov. 16 low is $15.69 with a semiannual pivot at $17.38 and monthly risky level at $18.91.

McDermott International (MDR) ($10.70) beat EPS estimates by three cents a share, earning 26 cents on Feb. 28, but the builder of offshore drilling platforms warned of delays and projected losses. The stock fell from a close of $12.72 on Feb. 28 to a low of $10.61 on March 1. The stock is rated a hold with a negative weekly chart profile, the five-week MMA at $12.05 and the 200-week SMA at $13.89. My quarterly value level is $7.24 with a monthly pivot at $12.17 and weekly risky level at $12.54.

Verifone Systems (PAY) ($19.05) reports quarterly results this week on March 5, with an expected EPS of 37 cents a share. Back on Feb. 20 with the stock closing at $31.89, allegations that the company violated federal securities laws caused a gap lower open on Feb. 21 to a low of $17.93. The stock is rated a buy with a negative weekly chart profile, the five-week MMA at $27.96 and the 200-week SMA at $30.81. The May 2010 low is $15.62 with this month's risky level is $24.97.

At the time of publication the author had no position in any of the stocks mentioned.

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

Stock quotes in this article: AAPL, CVC, DDS, EXPD, FSLR, FWLT, GRMN, JCP, MDR, PAY 

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