Monsanto (MON) ($112.42 at today's open vs. $116.35 on Jan. 3 down 3.4%) beat EPS estimates by 4 cents earning 67 cents a share in the pre-market on Wednesday. The stock traded to a day's high at $116.80 then fell to $111.02 on Thursday closing above its 50-day SMA at $111.27 with its 200-day SMA at $105.11. The agricultural products company still has a sell rating which explains the price reversal. The stock is 14.3% overvalued with a gain of 12.4% over the last 12 months. The weekly chart profile is positive but overbought with the five-week MMA at $112.56 and its 200-week SMA at $80.16. My monthly value level is $104.69 with quarterly and annual risky levels at $127.73, $129.57 and $135.68.
Micron Tech ($23.39 at today's open vs. $20.97 on Jan. 3 up 11.5%) beat EPS estimates by a whopping 34 cents earning 77 cents a share in the after-hours on Tuesday. The stock popped to a new multi-year intra-day high at $24.50 on Wednesday then dipped to $22.91 on Thursday. The semiconductor company maintains a hold rating is 46.1% overvalued with a gain of 217.9% over the last 12 months. The weekly chart profile is positive but overbought with the five-week MMA at $21.26 and its 200-week SMA at $9.33. My quarterly value level is $18.60 with a monthly risky level at $24.48 which was tested at the high giving buy-and-trade investors a very nice gain.
Ruby Tuesday ($6.14 at today's open vs. $7.00 on Jan.3 down 12.3%) missed EPS estimates by19 cents reporting a worse than expected loss of 43 cents a share in the after-hours on Wednesday. The stock was already on the decline pre-earnings and opened Thursday at the week's low at $5.89 before rebounding to $6.45 on the assumption that the earnings miss was priced into the stock's weakness. The casual dinning restaurant chain maintains a hold rating is 86.3% overvalued with a loss of 26.1% over the last 12 months. The weekly chart profile shifts to negative given a close today below its five-week MMA at $6.74 and its 200-week SMA is at $8.95. My monthly value level is $5.34 with a quarterly risky level at $8.44.
Sonic (SONC) ($19.58 at today's open vs. $19.72 on Jan. 3 down 0.7%) matched EPS estimates earning 13 cents a share in the after-hours on Monday. The stock popped to $20.76 on Tuesday then dipped to $18.88 on Wednesday and is below its 50-day SMA at $19.94 with the 200-day SMA at $16.43. The drive-though restaurant chain maintains a buy rating is 55.5% overvalued with a gain of 79.3% over the last 12 months. The weekly chart profile shifts to negative with a close today below its five-week MMA at $19.90 as a parabolic bubble in this stock appears poised to pop. My semiannual value level is $14.51 with quarterly and monthly risky levels at $20.81 and $22.19.(TXI) ($68.05 at today's open vs. $66.95 on Jan. 3 up 1.6%) missed EPS estimates by 13 cents reporting a larger than expected loss of 35 cents a share in the after-hours on Wednesday. The stock traded as low as $61.93 on Thursday then rebounded to $68.50 holding my range of value levels. The supplier of construction materials has been upgraded to sell from a strong sell rating is 4.9% overvalued with a gain of 21.8% over the last 12 months. The weekly chart profile remains positive with a close today above the five-week MMA at $63.33 and its 200-week SMA is at $43.77. My semiannual value level is $59.01 with monthly and semiannual pivots at $63.67 and $62.89 and a quarterly risky level at $70.44. 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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