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These Companies Hit With Volatile Reaction After Earnings


NEW YORK (TheStreet) -- The companies we profiled before they reported earnings last week performed in choppy trading patterns after their reports.

Today we crunch the numbers on 11 stocks -- six have traded higher while five traded lower. Five missed their earnings per share estimates, four beat and two matched.

We crunched the numbers to help you decide if and when to invest. See today's 'Crunching the Numbers' table following these profiles.

Adobe Systems (ADBE) ($65.24 vs. $67.19, down 2.9% since March 14): Reported earnings after the closing bell on March 18 and beat analysts' earnings per share estimates by 4 cents earning 16 cent a share. The stock traded as high as $69.08 on March 20 then traded as low as $64.77 on Monday nearly testing its 50-day simple moving average at $64.68. The weekly chart shifts to negative given a close this week below its five-week modified moving average at $65.59. The quarterly value level remains at $60.08 with its monthly risky level at $68.28 which was tested after the earnings report was released.

Conagra Foods (CAG) ($30.11 vs. $29.56, up 1.9% since March 17): Reported earnings before the opening bell on March 20 and beat analysts' EPS estimates by 2 cents earning 62 cent a share. The stock traded as high as $30.34 since reporting still below its 50-day SMA at $30.54. The weekly chart shifts to positive given a close this week above its five-week MMA at $30.15. Monthly and weekly value levels are $28.95 and $26.79 with annual and semiannual risky levels at $32.21 and $33.81.

Darden Restaurants (DRI) ($50.68 vs. $49.70, up 2% since March 17): Reported earnings before the opening bell on March 21 and matched analysts' EPS estimates earning 82 cent a share. The stock moved back above its 200-day SMA at $50.25 on March 21 after this report. The weekly chart shifts to positive given a close this week above its five-week MMA at $50.34. Weekly and annual value levels are $49.60 and $44.89 with a monthly pivot at $50.04 and annual and quarterly risky levels at $52.59 and $56.60.

FedEx (FDX) ($134.95 vs. $136.76, down 1.3% since March 14): Reported earnings before the opening bell on March 19 and missed analysts' EPS estimates by 28 cents earning $1.23 a share. The stock traded as high as $141.17 in reaction to this report but then faded to as low as $133.39 as of 11:15 AM this morning, below its 50-day SMA at $136.61, but testing our semiannual value level at $133.40. The weekly chart needs to close this week above its five-week MMA at $135.78 to stay positive. Semiannual and quarterly value levels are $133.40 and $129.45 with weekly and monthly risky levels at $135.42 and $154.96.

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