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Thursday Earnings Preview: Barrick Gold and Goldcorp

NEW YORK (TheStreet) -- Two of the companies that report quarterly results premarket on Thursday are gold miners Barrick Gold (ABX - Get Report) and Goldcorp (GG - Get Report) which are down by 39.4% and 24.2% respectively over the last 12 months. Both have been rebounding this year as the price of gold approaches its 200-day simple moving average at $1311.0.

On the opposite side of the ledger are two stocks from the auto-tires-trucks sector that have sizable gains over the last 12 months. The maker of vehicle power train applications Borg Warner (BWA) is up 45.9% while Goodyear Tire (GT) is up 72.7%.

Here are my buy-and-trade profiles for the ten companies of interest reporting premarket Thursday:

Barrick Gold ($19.57): Analysts expect the company to report earnings of 42 cents a share. The stock crossed above its 200-day SMA at $18.15 on Jan. 17 trading as high as $19.95 on Jan. 24. The weekly chart is positive with its five-week modified moving average at $18.62 and its 200-week SMA at $37.87. The stock has a loss of 40% over the last 12 months. My monthly value level is $15.00 with a weekly risky level at $19.98 and semiannual risky level at $30.11.

Apache (APA)($81.38): Analysts expect the company to report earnings of $1.84 a share. The stock has been below its 200-day SMA at $84.81 with a low of $77.31 on Feb. 5. The weekly chart is negative but oversold with its five-week MMA at $83.59 and its 200-week SMA at $94.90. The stock slipped by 2.9% over the last 12 months. My quarterly value level is $80.82 with a semiannual pivot at $83.38 and annual risky level at $111.91.

Bunge (BG) ($76.40): Analysts expect the company to report earnings of $2.14 a share. The stock has been below its 200-day SMA at $76.70 since Jan. 31 trading as low as $73.12 on Feb. 5. The weekly chart is negative with its five-week MMA at $78.20 and its 200-week SMA at $67.14. The stock has a slight gain of 3.8% over the last 12 months. My semiannual value levels are $72.01 and $71.53 with annual risky levels at $84.91 and $90.98.

Borg Warner ($54.67): Analysts expect the company to earn 71 cents a share. The stock traded to an all-time intraday high at $57.29 on Jan. 13 then declined to $50.83 on Feb. 4 staying above its 200-day SMA at $48.86. The weekly chart is neutral with its five-week MMA at $54.35 and its 200-week SMA at $36.78. The stock has a gain of 45.9% over the last 12 months. My semiannual pivot is $55.15 with a monthly risky level is $63.13.

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GG $17.80 1.30%
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