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Homebuilder Hovnanian, 4 Others That Are Reporting Face More Volatility

Stocks in this article: CIEN DMND HOV PAY VRA

NEW YORK (TheStreet) - Today we crunch the numbers on a fiber-optics company, a food retailer of almost all types of nuts, a homebuilder, a provider of electronic-payment systems and a retailer of accessories for women.

The companies report their quarterly earnings reports before the opening bell on Wednesday through the closing bell on Thursday as earnings season winds down.

Three of the stocks are up between 10% and 26% year to date with two down between 22% and 30%. Because of this volatility, it is important that investors are aware of the five moving averages and stochastics we show in the first "crunching the numbers" table, and value and risky levels presented in the second table.

Ciena  (CIEN) ($18.65), down 22% year to date. Analysts expect the company to report earnings per share of 3 cents before the opening bell on Thursday. The stock has been below its 200-day simple moving average now at $22.80 since April 4, trading as low as $18 on May 7.

The weekly chart is negative but oversold its five-week modified moving average at $19.82 and its 200-week SMA at $18.05 which held at the low. This week's value level is $17.41 with a monthly pivot at $19.13 and quarterly and semiannual risky levels at $22.81 and $23.09, respectively.

Diamond Foods (DMND) ($31.99), up 24% year to date. Analysts expect the retailer of nuts from almonds to walnuts to report EPS of 16 cents after the closing bell on Thursday. This stock was trading above $90 back in September 2011 and then got crushed, falling to as low as $12.85 on Nov. 21, 2012. It has been above its 200-day SMA since June 10, 2013. Diamond set a multiyear intraday high at $35.58 on March 31, well above the 200-day SMA now at $26.58.

The weekly chart is neutral with its five-week MMA at $31.41 and its 200-week SMA at $34.35 which provided resistance in early-April. Weekly and quarterly value levels are $29.44 and $23.22, respectively, with semiannual and monthly risky levels at $32.64 and $34.11, respectively.

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