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Adobe, Lululemon and Vera Bradley Earnings Ahead

Ciena Corp (CIEN) ($23.12) set a multi-year high at $27.94 on Oct. 22 and is below its 50-day SMA at $24.15 and above its 200-day SMA at $20.31. Analysts expect earnings of 17 cents a share in the premarket on Thursday. The hold rated network specialist company is 25.8% overvalued and is up 46.3% over the last 12 months. My semiannual and weekly value levels are $22.09 and $20.50 with an annual and semiannual pivots at $23.33 and $23.72 and quarterly and monthly risky levels at $24.22 and $25.28.

Hovnanian (HOV) ($5.11) has been trading sideways to down below its 200-day SMA at $5.47 since July 24 but closed Monday above its 50-day SMA at $5.05. Analysts expect earnings of 16 cents a share on Thursday. The sell rated homebuilder is 14% overvalued and is down 4.7% over the last 12 months. My weekly and monthly pivots are $5.01 and $4.95 with semiannual risky levels at $5.69 and $5.77.

Lululemon ($70.34) set an all-time intra-day high at $82.50 on June 10 then plunged to $59.60 on June 21 on the problems related to yoga pants that were said to be transparent. The stock is currently just below its 200-day SMA at $70.61. Analysts expect earnings of 41 cents a share premarket on Thursday. The stock has a buy rating is 5.2% overvalued and has lost 2.7% over the last 12 months. My weekly value level is $64.61 with a monthly risky level at $80.21.

Men's Wearhouse (MW)($51.21) set a multi-year intra-day high at $52.72 on Nov. 26 and is well above its 200-day SMA at $37.86. Analysts expect earnings of 87 cents a share in the afterhours on Thursday. The hold rated men's clothier is 54% overvalued and has gained 69% over the last 12 months. My weekly and monthly value levels are $48.77 and $47.41 with a weekly risky level at $58.92.

Vera Bradley ($23.44) has been above its 200-day SMA at $22.32 since Nov. 1 and traded as high as $25.72 on Nov. 14. Analysts expect earnings of 34 cents a share in the afterhours on Wednesday. The buy rated provider of women's accessories is 6.1% undervalued with a loss of 5.3% over the last 12 months. My monthly and annual value levels are $21.88 and $19.48 with annual and weekly risky levels at $24.86 and $26.01.

Quicksilver (ZQK)($8.01) has been above its 200-day SMA at $6.85 since Sept. 6 trading as high as $9.29 on Nov. 13 ending Monday just below its 50-day SMA at $7.99. Analysts expect the company to report earnings of 5 cents a share afterhours on Thursday. The hold rated provider of sport-related apparel and footwear is 57.6% overvalued with a gain of 96.8% over the last 12 months. My quarterly, semiannual and annual value levels are $6.75, $6.72 and $6.66 with a monthly pivot at $8.48 and weekly risky level at $9.69.

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

Follow @Suttmeier

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

Stock quotes in this article: ADBE, CIEN, HOV, LULU, MW, VRA, ZQK 
Richard Suttmeier is the chief market strategist at ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com

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