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How to Trade Earnings Including CBS and Monster Beverage

Stocks in this article: BLMN CBS CQB MNST RL SSYS

NEW YORK (TheStreet) -- Today we crunch the numbers on two companies that report their quarterly earnings after the closing bell Thursday and four that report before the opening bell on Friday.

The profiles below provide trading guidelines for the stocks in two "crunching the numbers" tables that follow.

Bloomin' Brands (BLMN) ($22.28), down 7.2% year to date. Analysts expect the parent of Outback Steakhouse, Carrabba's Italian Grill and Bonefish to report earnings per share of 48 cents before the opening bell on Friday. The stock traded as high as $26.44 on Feb.25, and as low as $20.55 on April 28, well below its 200-day simple moving average now at $23.64. The weekly chart is negative with its five-week modified moving average at $22.80. A weekly value level is $21.02 with a monthly risky level at $24.99.

CBS Corp.  (CBS) ($56.65), down 11% year to date. Analysts expect the broadcasting company to report EPS of 75 cents after the closing bell on Thursday. The stock set an all-time intraday high at $68.10 on March 11, and traded as low as $56.65 on Wednesday below its 200-day SMA at $58.94.

The weekly chart is negative with its five-week MMA at $59.75 in a pattern showing that a parabolic bubble is popping. A weekly value level is $54.25 with a semiannual pivot at $56.64 and semiannual and quarterly risky levels at $60.35 and $64.76, respectively.

Chiquita Brands (CQB) ($11.48), down 1.9% year to date. Analysts expect the distributor of fresh fruits and vegetables to report EPS of 14 cents before the opening bell on Friday. The stock traded as low as $9.90 on Feb. 10, and as high as $12.92 on March 10. It ended Wednesday below its 200-day SMA at $11.64.

The weekly chart is negative with its five-week MMA at $11.77 and the 200-week SMA at $10.39. Quarterly and monthly value levels are $10.95 and $10.38, respectively, with semiannual and weekly risky levels at $12.28 and $13.05, respectively.

Monster Beverage (MNST) ($65.18), down 3.8% year to date. Analysts expect the distributor of energy drinks to report EPS of 49 cents after the closing bell on Thursday. The stock traded as high as $75.63 on Feb. 24, and as low as $63.16 holding its 200-day SMA at $63.27. The weekly chart is negative with its five-week MMA at $67.00. Weekly and quarterly value levels are $61.16 and $59.15, respectively, and monthly and semiannual risky levels at $71.88 and $74.37, respectively.

Ralph Lauren (RL) ($152.56), down 14% year to date. Analysts expect the upscale retailer of clothing, fragrances and home furnishings to report EPS of $1.64 before the opening bell on Friday. The stock has been below its 200-day SMA at $174.16 since Jan. 13, and traded as low as $146.00 on Feb. 5. It's now well below its 200-day SMA now at $165.99.

The weekly chart is negative with its five-week MMA at $155.92 and its 200-week SMA at $146.92. Weekly and quarterly value levels are $149.07 and $147.32, respectively, with annual and monthly risky levels at $156.84 and $159.88, respectively.

Stratasys (SSYS) ($94.22), down 30% year to date. Analysts expect the maker of 3D printers to report an EPS loss of 33 cents before the opening bell on Friday. The stock has been below its 200-day SMA since April 7, and traded as low as $90.65 on April 29, well below its 200-day SMA at $110.84.

Weekly and annual value levels are $90.26 and $85.62, respectively, with semiannual and monthly risky levels at $117.00 and $118.18, respectively.

Your investment policy among these stocks depends on whether you are a buyer on weakness or a seller of strength. We advocate using a good-'til-cancelled limit order to buy weakness to a value level or to sell strength to a risky level.

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