Tenet Health (THC) ($45.41), up 7.8% year-to-date. Analysts expect the health care services company to report an EPS loss of 15 cents after the closing bell today. The stock set its 2014 intraday high at $48.70 on Feb. 24, then traded as low as $37.95 on April 17, and has been above its 200-day SMA at $42.96 since April 25.
The weekly chart is positive, with its five-week MMA at $43.00. The stock has been above its 200-week SMA since August 2013, with this average now at $29.40. Weekly and semiannual value levels are $42.07 and $36.93, with monthly and quarterly risky levels at $49.12 and $62.82.
Vornado Realty Trust (VNO) ($103.32), up 16.4% year-to-date. Analysts expect the owner of office buildings and retail properties to report EPS of $1.30 after the closing bell today. The REIT set a multiyear intraday high at $104.05 on Friday, and the stock has been above its 200-day SMA since Oct. 10, 2013, with this average now at $90.61.
The weekly chart is positive but overbought, with its five-week MMA at $99.34. The stock has been above its 200-week SMA since September 2013, with this average now at $85.15. Weekly and semiannual value levels are $100.68 and $96.91, with monthly and semiannual risky levels at $105.75 and $117.63.Your investment policy among these stocks depends on whether you are a buyer on weakness or a seller of strength. We advocate using a GTC (good until canceled) limit order to buy weakness to a value level or to sell strength to a risky level.
Crunching the Numbers With Richard Suttmeier: Moving Averages & Stochastics This table provides the technical status for the stocks profiled in today's report. There are five columns with moving average titles: Five-Week Modified Moving Average, 21-Day Simple Moving Average, 50-Day Simple Moving Average, 200-Day Simple Moving Average and the 200-Week Simple Moving Average. The column labeled 12x3x3 Weekly Slow Stochastics shows the pattern on each weekly chart with readings from Oversold, Rising, Overbought, Declining or Flat. Interpretations: Stocks below a moving average are listed in red. Five-Week Modified Moving Average (MMA) is one of two indicators that define whether a weekly chart profile is positive, neutral or negative. The other is the status of the 12x3x3 weekly slow stochastic. A stock with a positive technical rating is above its five-week MMA with rising or overbought stochastics. A stock with a negative technical rating is below its five-week MMA with declining or oversold stochastics. A stock with a neutral technical rating has a profile that is not positive or negative. The 200-Week Simple Moving Average (SMA) is considered a long-term technical support or resistance and as a "reversion to the mean" over a rolling three- to five-year horizon. (Even Apple declined to its 200-week SMA in June 2013.) The 21-Day Simple Moving Average is a short-term technical support or resistance used by many hedge fund traders to adjust positions. A stock above its 21-day SMA will likely move higher over a rolling three- to five-day horizon and vice versa. The 50-Day Simple Moving Average is also a technical support or resistance used by many strategists and commentators in financial TV. The 200-Day Simple Moving Average is another technical support or resistance, and I consider this level as a shorter-term "reversion to the mean" over a rolling six- to 12-month horizon. (Even Apple tested or crossed its 200-day SMA in nine of the last 10 years.)
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