Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.
Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.
Risky Level: Price at which to enter a GTC limit order to sell on strength. Autodesk (ADSK) beat EPS estimates by 4 cents a share earning 31 cents a share in the afterhours on Nov. 21. The stock popped to a new multi-year high at $45.95 on Nov. 22. The hold rated designer of software for the architecture industry has a weekly value level at $43.58 with a quarterly pivot at $46.40 and semiannual risky level at $46.60.
Campbell Soup (CPB) missed EPS estimates by 21 cents earning 66 cents a share premarket on Nov. 19. The stock gapped lower below its 50-day SMA at $41.54 to a low of $38.30 on Nov. 20. The buy rated soup company has an annual value level at $38.10 with an annual pivot at $40.09 and quarterly risky level at $43.92.Deere (DE) beat EPS estimates by 22 cents earning $2.11 premarket on Nov. 20. The hold rated construction and agricultural equipment company opened higher with a test of its 200-day SMA at $85.19 then slumped towards its 50-day SMA at $83.03 on Nov. 21. My monthly value level is $80.04 with a weekly pivot at $83.88, the 200-day at $85.19 and quarterly risky level at $99.43. Diana Shipping (DSX) beat EPS estimates by 2 cents reporting a loss of 4 cents a share premarket on Nov. 19. The sell rated shipper of iron ore, coal and grain traded down to a test of its 200-day SMA at $10.43 on Nov. 22. My semiannual value level is $8.27 with a quarterly pivot at $10.98 and weekly and monthly risky levels at $11.11 and $12.79. Green Mountain Coffee (GMCR) beat EPS estimates by 15 cents earning 89 cents a share in the afterhours on Nov. 20. In after-hours trading buy-and-trade investors could have sold the stock at my semiannual risky level at $66.94 and then buy the stock at my annual value level at $59.34. The buy rated gourmet coffee producer gapped higher on Nov. 21 to a day's high at $73.57 then held its 200-day SMA at $67.93 on Nov. 22. My semiannual value level is $63.42 with a semiannual pivot at $66.94 and monthly risky level at $91.58.
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