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How to Trade Wednesday's Earnings Including Boeing, Procter & Gamble

Stocks in this article: BA DAL DOW EAT EMC FDML GD JCI NOC NSC OC PG

EMC (EMC) ($26.93, up 7.1% YTD): Analysts expect the provider of hardware and software storage products to report EPS of 27 cents before the opening bell Wednesday. The stock set a 52-week intraday high at $28.26 on March 26 then fell as low as $26.21 on April 17.

The weekly chart shifts to negative given a close this week below its five-week MMA at $26.74 with its 200-week SMA at $24.66. Monthly and annual value levels are $24.93 and $22.50, respectively, with an annual pivot at $26.32 and weekly and semiannual risky levels at $28.52 and $30.34, respectively.

Federal Mogul (FDML) ($17.90, down 9.0% YTD): Analysts expect the provider of power-train components to the automotive industry to report EPS of 31 cents before the opening bell Wednesday. The stock popped as high as $23.62 on Jan. 8 then traded as low as $15.17 on Feb. 5, holding its 200-day SMA. Today the stock is just above its 200-day SMA at $17.64.

The weekly chart shifts to positive given a close this week above its five-week MMA at $17.92. The 200-week SMA is at $15.60. A semiannual value level is $13.78 with weekly and semiannual risky levels at $18.49 and $21.10, respectively.

General Dynamics (GD) ($109.30, up 14% YTD): Analysts expect the defense contractor to report EPS of $1.63 on Wednesday. The stock set an all-time intraday high at $113.57 on March 4 then traded as low as $104.22 on April 14.

The weekly chart shifts to negative given a close this week below its five-week MMA at $107.20 as the chart pattern appears parabolic. Annual and quarterly value levels are $95.80 and $93.53, respectively, with a monthly pivot at $108.73.

Johnson Controls (JCI) ($47.38, down 7.6% YTD): Analysts expect the provider of automotive systems to report EPS of 65 cents before the opening bell Wednesday. The stock set an all-time intraday high at $52.50 on Jan. 13 then traded as low as $43.85 on Feb. 3. The stock tested its 200-day SMA at $45.50 on April 15.

The weekly chart is neutral with its five-week MMA at $47.25. Weekly and quarterly value levels are $44.65 and $43.98, respectively, with a semiannual pivot at $47.15 and a monthly risky level at $53.16.

Northrop Grumman (NOC) ($122.21, up 6.6% YTD): Analysts expect the defense contractor to report EPS of $2.15 before the opening bell Wednesday. The stock set an all-time intraday high at $126.00 on April 4 then traded as low as $116.11 on April 15.

The weekly chart shifts to negative on a close this week below its five-week MMA at $120.46 as the chart profile has gone parabolic. Quarterly and semiannual value levels are $118.34 and $97.58, respectively, with a weekly pivot at $122.16 and monthly risky level at $131.42.

Norfolk Southern (NSC) ($96.89, up 4.4% YTD): Analysts expect the railroad to report EPS of $1.14 before the opening bell Wednesday. The stock set an all-time intraday high at $98.12 on April 4 then dipped as low as $91.91 on April 16.

The weekly chart shifts to negative given a close this week below its five-week MMA at $95.04. Semiannual and quarterly value levels are $93.26 and $92.28, respecitvely, with semiannual and weekly risky levels at $99.03 and $99.73, respectively.

Owens Corning (OC) ($42.85, up 5.2% YTD): Analysts expect the provider of building materials to report EPS of 35 cents before the opening bell Wednesday. The stock set an all-time intraday high at $46.64 on March 4 then traded as low as $39.71 on April 15 holding its 200-day SMA at $39.81.

The weekly chart shifts to negative on a close this week below its five-week MMA at $42.33. Monthly and quarterly value levels are $40.84 and $40.09, respectively, with semiannual risky levels at $43.96 and $53.46.

Procter & Gamble ($81.56, up 0.2% YTD): Analysts expect the consumer packaged-goods company to report EPS of $1.02 before the opening bell Wednesday. The stock set an all-time intraday high at $85.82 on Nov. 25 then traded as low as $75.26 on Jan. 31. The stock was below its 200-day SMA at the low and moved back above it at $80.06 on March 31.

The weekly chart is positive with the five-week MMA at $80.23. Monthly and annual value levels are $78.89 and $78.14, respectively, with an annual pivot at $80.32 and semiannual risky level at $82.85.

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