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Conagra, Darden Headline Earnings Profiles

The provider of prepared meals, condiments, sides, snacks and desserts under brand names such as Chef Boyardee, Healthy Choice and Peter Pan, Conagra Foods (CAG - Get Report) ($31.88) broke below its 200-day SMA at $33.92 on Sept. 10 to a low at $30.64. This weakness followed the setting of a multi-year high at $37.28 on Aug. 5. My annual value level is $21.18 with a weekly pivot at $32.22 and quarterly risky level at $33.21.

The country-style eatery and general store you find off major exits on the interstate highways Cracker Barrel (CBRL - Get Report) ($104.64) set a multi-year high at $104.98 Friday. My weekly value level is $101.53 with a monthly risky level $109.64.

The owner of Red Lobster, Olive Garden, Longhorn Steakhouse and The Capital Grille, Darden Restaurants (DRI - Get Report) ($48.37) set a 2013 high at $55.25 on June 10 then traded as low as $45.71 on Sept. 3. My weekly value level is $46.89 with a quarterly pivot at $48.81 and annual risky level at $50.52.
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Packaged delivery company FedEx (FDX - Get Report) ($107.24) set a multi-year high at $113.34 on Aug. 26 then ended last week just above its 50-day simple moving average at $107.15. My semiannual value level is $105.29 with a weekly pivot at $107.82 and monthly risky level at $111.55.

The maker of breakfast cereals, yogurt, soups, frozen vegetables and other food products General Mills (GIS - Get Report) ($49.25) set a multi-year high at $53.07 on Aug. 1 then declined to $48.25 on Aug. 29. My quarterly value level is $48.01 with a weekly pivot at $48.87 and annual risky level at $50.81, which was tested at the high.
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The distributor of technology products located in Tampa Bay, Fla., Tech Data (TECD - Get Report) ($49.72) set a second half 2013 high at $54.07 on Aug. 14 then traded as low as $48.71 on Aug. 27. My quarterly value level is $45.69 with a weekly pivot at $51.47 and monthly risky level at $52.96.

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

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 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
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CBRL $148.81 0.35%
CAG $44.99 0.25%
DRI $62.49 -0.76%
FDX $161.03 0.41%
GIS $62.11 0.05%


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