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.(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.
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