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How to Trade Earnings for Best Buy, Dollar Tree, NetApp and 4 Others

NEW YORK (TheStreet) - Today we crunch the numbers on two companies that will report their quarterly earnings after the closing bell on Wednesday and five that will report before the opening bell on Thursday. All seven are down year to date, four by double-digit percentages.

The profiles below provide trading guidelines for the stocks in two "crunching the numbers" tables that follow. Note that there's a lot of red in the first table as these stocks are below most of their five key moving averages.

Best Buy (BBY) ($24.66) down 38% year to date. Analysts expect the retailer of televisions, computers and other electronics plus appliances to report earnings per share of 19 cents after the opening bell on Thursday. The stock crashed below its 200-day simple moving average on Jan. 16, setting a 2014 low at $22.15 on Jan.31, and has moved sideways since then, staying well below its 200-day SMA now at $33.07.

The weekly chart shifts to positive given a close this week above its five-week modified moving average at $25.64 with its 200-week SMA at $27.46. A semiannual value level is $18.95 with a semiannual pivot at $24.92 and quarterly and monthly risky levels at $27.36 and $28.26, respectively.

Buckle (BKE) ($45.31) down 12% year to date. Analysts expect the clothing retailer to report EPS of 78 cents before the opening bell on Thursday. The stock broke below its 200-day SMA on Jan. 8, trading down to a 2014 intraday low at $41.45 on Feb. 5. It rebounded to a test of its 200-day SMA now at $48.19 on May 12 through May 15.

The weekly chart shifts to positive with a close this week above its five-week MMA at $46.01 with its 200-week SMA at $42.49, which held twice this year. A weekly value level is $44.92 with a quarterly pivot at $46.88 and semiannual risky levels at $50.86 and $58.52.

Dollar Tree (DLTR) ($51.12) down 9.4% year to date. Analysts expect the discount chain to report EPS of 67 cents before the opening bell on Thursday. The stock has been below its 200-day SMA at $54.59 since March 17, trading as low as $50.15 on April 15.

The weekly chart shifts to positive given a close this week above its five-week MMA at $51.97. A weekly value level is $50.87 with quarterly and monthly risky levels at $54.95 and $56.02, respectively.

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