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How to Trade Wednesday's Earnings, Including Garmin

NEW YORK (TheStreet) -- Today we crunch the numbers on 11 companies that report their quarterly earnings reports on Wednesday. Seven report before the opening bell, and four report after the closing bell.

Rather than profile each stock individually, I crunch the numbers in the tables for you. (See pages 2 and 3 for the tables.)

The biggest year-to-date gainer is Garmin (GRMN - Get Report) ($54.71), up 18% so far this year. Analysts' expect the maker of navigation devices to report earnings per share of 44 cents before the open bell on Wednesday. The stock set a multiyear intraday high at $58.21 on March 27 and closed Monday between its 50-day simple moving average at $54.24 and its and 21-day simple moving average at $55.80.

The weekly chart is positive but overbought, with the five-week modified moving average at $53.87. Investors could have sold strength to our annual risky levels at $57.49 and $57.51 at the March 27 high. Monday's high was just below our weekly pivot at $55.60 with semiannual value levels at $48.43 and $44.99.

The stocks with modest year-to-date gains are trucker Con-way (CNW), up 5.7%; integrated oil & gas company Hess (HES), up 4.7%; and health benefits provider WellPoint (WLP), up 2.6%.

The biggest year-to-date loser in today's tables is social media company Yelp (YELP) ($55.55), down 19%. Analysts expect the company to report a loss of 6 cents a share after the closing bell on Wednesday. The stock set an all-time intraday high at $101.75 on March 5 then traded as low as $52.40 on Monday.

The weekly chart is negative but oversold with its five-week MMA at $67.53. This recent IPO does not have enough price history to have a 200-week SMA. A weekly value level is $50.36 with a monthly risky level at $100.37.

The second biggest year-to-date loser is Lumber Liquidators (LL - Get Report) ($84.75), down 18%. Analysts expect the company to report earnings per share of 63 cents before the opening bell on Wednesday. The stock set its 2014 intraday high at $111.74 on Feb. 26 then traded as low as $82.16 on April 15.

The weekly chart is negative but oversold with its five-week MMA at $90.60. Weekly and semiannual value levels are $77.86 and $75.77, respectively, with monthly and quarterly risky levels at $104.89 and $126.56, respectively.

The third biggest year-to-date loser is General Cable (BGC) ($25.16), down 14.5%. Analysts' expect the provider of copper, aluminum and fiber optic cable products to report a loss of 8 cents a share after the closing bell on Wednesday. The stock set its 2014 intraday high at $31.50 on Feb. 21 then traded as low as $24.74 on April 11.

The weekly chart is negative but oversold with its five-week MMA at $26.42 and its 200-week SMA at $31.31. Semiannual and weekly value levels are $23.59 and $22.46, respectively, with monthly and quarterly risky levels at $27.21 and $29.32, respectively.

Summarizing the first "Crunching the Numbers" table we see one stock with rising stochastics, two stocks overbought, five with declining stochastics and three oversold. Five are above their five-week modified moving averages and six are below.

Summarizing the second "Crunching the Numbers" table we see that only one stock is trading under the influence of a monthly pivot that expires on Thursday. Three have weekly pivots, but that's only a potential influence this week.

Your investment policy among these stocks depends on whether or not you are a buyer on weakness or a seller of strength. We advocate using good 'til canceled limit orders to buy weakness to a value level or to sell strength to a risky level.

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SYM TRADE IT LAST %CHG
GRMN $45.86 0.00%
LL $27.11 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%

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