Three Stocks We Did Not Profile Reported Monday.
($33.66) beat EPS estimates by 8 cents earning 56 cents premarket on Monday. The buy rated distributor of food and food related products traded up to $34.74 then came back down to $33.30 on Wednesday and closed above its 200-day SMA at $33.49. My weekly value level is $32.76 with a monthly risky level at $34.74, which was tested at the reaction high.
($9.63) beat EPS estimates by 12 cents earning 56 cents a share premarket on Monday. The buy rated national chain of service centers that operate along the interstate highway system and caters to truckers has been downgraded to hold on strength to $10.24 on Tuesday. This is the stock that I wrote about a few times saying that it was a proxy for the extremely overvalued transportation sector as it traded down to $7.35 back on Aug. 27. The stock is now above its 200-day SMA at $9.22 so the reversion to the mean works in both directions. My weekly value level is $7.85 with a semiannual pivot at $9.32 and quarterly risky level at $10.24, which was tested at the high. This is a clear example of how my buy-and-trade strategy works.
($56.18) beat EPS estimates by 7 cents earning 32 cents a share premarket on Monday. The sell rated producer of construction aggregates traded up to $60.14 on Monday then fell to a low of $55.87 on Wednesday. My semiannual value level is $47.42 with a weekly pivot at $56.92 and quarterly and annual risky levels at $66.86 and $66.89.
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.