NEW YORK (TheStreet) -- Earnings volatility continued following last Wednesday's quarterly results from the eight companies I profiled pre-earnings last Tuesday. Luxury retailer Ralph Lauren (RL) was the biggest winner premarket gapping above its 200-day simple moving average, but by the end of the week this stock was back down to its 200-day. After opening higher Chesapeake Energy (CHK) then fell below its 50-day SMA.
On Tuesday I wrote Humana and Molson Coors Earnings on Tap Wednesday and four of the eight stocks profiled had yo-yo reactions to their earnings results. The health care stock in the headline opened lower then snapped higher. The beer maker in the headline did the opposite setting a new multi-year high then cracked below its prior high. There were no upgrades and downgrades among these eight stocks according to www.ValuEngine.com.
Today's Earnings Scorecard
Chesapeake Energy (CHK) ($25.71) beat EPS estimates by a penny earning 43 cents a share premarket on Wednesday. The stock opened higher but then broke below its 50-day SMA at $26.87 with a low of $25.19 on Tuesday. The hold rated oil and gas company has a semiannual value level at $24.77 with weekly and monthly risky levels at $27.09 and $27.19.
Humana (HUM) ($95.19) beat EPS estimates by 15 cents earning $2.31 per share premarket on Nov. 6. The buy rated healthcare services provider opened to a day's low at $91.34 then snapped back above its 50-day SMA at $94.64 trading as high as $97.36. My annual value level at $91.58 held at the low with a monthly risky level at $102.71. Buy-and-trade investors had a trading opportunity with this buy rated stock.Lamar Advertising (LAMR) ($48.87) beat EPS estimates by a penny earning 19 cents a share premarket on Wednesday. The hold rated outdoor based advertising company set a new multi-year high at $50.16 in reaction to this report. My monthly value level is $44.73 with a semiannual pivot at $48.85 and a weekly risky level at $51.39. My semiannual pivot proved to be a magnet in a yo-yo reaction to earnings. (QCOM) ($67.45) missed EPS estimates by 5 cents earning 91 cents in afterhours trading premarket on Wednesday. The stock closed above $69 that day and cracked below its 50-day SMA at $68.19 on Thursday trading to a low of $66.25, as my semiannual value level at $67.26 became a pivot or magnet. The hold rated provider of digital wireless communications products has an annual value level at $64.58 with the semiannual pivot at $67.26, with a weekly pivot at $67.75 and quarterly risky level at $77.02.
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