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Retail Recap: Best Buy, Home Depot, J.C. Penney Rebound

NEW YORK (TheStreet) -- Today's earnings recap covers 10 of the retail companies I profiled pre-earnings earlier in the week. Some retailers had been weak performers so far in 2014, thus some of the strength that followed results can be viewed as a sigh of relief.

On Feb. 24 I wrote, Tuesday Premarket Earnings: Home Depot, Macy's,Toll Brothers and Visteon and both retailers in the headline traded higher in reaction to their earnings reports which were released before the opening bell Tuesday.

Home Depot (HD) ($81.70): Beat earnings estimates by 3 cents earning 73 cents a share. The stock closed Monday just above its 200-day simple moving average at $77.73 well positioned for a positive reaction to this earnings report. The stock gapped above its 50-day SMA at $79.29 at Tuesday's open and traded to a new all-time intraday high at $82.71 on Wednesday moving above its semiannual risky level at $81.82. The weekly chart shifts to positive with a close this week above its five-week modified moving average at $79.15. My semiannual value level is $75.25 with a semiannual pivot at $81.82 and quarterly risky level at $94.25.

Macy's (M) ($57.96): Beat EPS estimates by 14 cents earning $2.31 a share. The stock gapped above its 50-day SMA at $53.59 at Tuesday's open and traded to a new all-time intraday high at $58.65 on Wednesday above my semiannual risky level is $57.19, which now becomes a pivot. The weekly chart shifts to neutral given a close this week above its five-week MMA at $54.27.

Must Read: Earnings Preview: The Gap, Salesforce.com Report Earnings After Hours

On Feb. 25 I wrote, Dollar Tree, Lowe's and Target Report Premarket and here's how these names plus two more covered in this report performed post-earnings.

Abercrombie & Fitch (ANF) ($40.04): Beat EPS estimates by 30 cents earning $1.34 released premarket Wednesday. The stock gapped higher at the open and traded up to $40.42 testing its 200-day SMA at $40.27. The stock was well-positioned for a positive earnings reaction as the weekly chart is positive with the stock above its five-week MMA at $34.89. Part of the rebound was a relief rally as the stock had a loss of 21.6% over the last 12 months when I profiled it on Tuesday. Quarterly and annual value levels are $30.78 and $29.88 with semiannual and annual risky levels at $53.43 and $55.28.

Dollar Tree (DLTR) ($55.29): Missed EPS estimates by 3 cents earning $1.02. The stock opened slightly lower and then gained upward momentum as a rally for retailers broadened to additional companies. The stock had been below its 50-day and 200-day SMAs at $53.72 and $54.21 and after a day's high at $56.39 the close was above both for the first time since Nov. 20. The weekly chart was poised for a shift to being positive given a close this week above its five-week MMA at $53.47 and this appears in the cards today. I show quarterly and semiannual risky levels at $60.48 and $61.85.

Lowe's (LOW) ($50.72): Matched EPS estimates earning 31 cents a share. The stock traded as high as $51.28 which is between my monthly pivot at $50.85 and quarterly risky level at $52.64. The weekly chart was poised for a shift to being positive given a close this week above its five-week MMA at $48.07 and this is now a possibility. My semiannual value levels $42.87 and $41.03 with the quarterly risky level at $52.64.

Target (TGT) ($60.49): Beat EPS estimates by 46 cents earning $1.30 a share. The big box retailer warned that the credit card breaches could impact future earnings, but the earnings beat and the fact that the stock was down 10.7% over the last 12 months have been ignored. The stock gapped higher moving above its 50-day SMA at $59.54 but is still well below its 200-day SMA at $65.23. The weekly chart shifts to neutral given a close this week above its five-week MMA and 200-week SMA converged at $58.89 and $57.98. My annual value levels are $54.45 and $53.25 with a semiannual risky level at $67.23.

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