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TheStreet Open House

Trading Guidelines for Bellwether FedEx, Four Others That Are Reporting

NEW YORK (TheStreet) -- Today I crunch the numbers on the stocks of five companies that are reporting earnings during the next two days, including FedEx (FDX), one of the bellwethers of the U.S. economy.

One stock has a 13% year-to-date gain, one has a 24% year-to-date loss and the others have modest year-to-date losses, continuing the pattern of pre-earnings volatility for stock prices.

The stock-specific volatility makes it important for traders and investors to know the key moving averages, which are a measure of momentum, as well as the value levels at which to buy on weakness and the risky levels at which to sell on strength.

Here are the five profiles. Two "crunching the numbers" tables follow.

Bob Evans (BOBE) ($49.42), down 2.3% year to date. The stock is one of Jim Cramer's top picks. Analysts expect the company to report earnings per share of 42 cents after the closing bell on Tuesday.

The stock set an all-time intraday high at $60.22 on Sept. 24, and trended down to as low as $43.19 on April 17. The stock has been below its 200-day simple moving average at $51.00 since April 3.

The weekly chart is positive with its five-week modified moving average at $47.90 and with its 200-week SMA at $39.75. Annual and monthly value levels are $46.65 and $42.59, respectively, with a semiannual pivot at $49.24 and weekly and quarterly risky levels at $51.37 and $54.41, respectively.

FedEx ($139.45), down 3% year to date. Analysts expect the company to report EPS of $2.36 before the opening bell on Wednesday. Jim Cramer doesn't care for the stock much at current levels, but says the company's conference call can be valuable source for a read on the global economy.

The stock set an all-time intraday high at $144.98 on June 2, and is now between its 50-day and 21-day SMAs at $138.13 and $141.60, respectively, and above its 200-day SMA at $132.59.

The weekly chart shifts to negative given a close this week below its five-week MMA at $139.52. Semiannual and annual value levels are $119.27 and $97.95, respectively, with quarterly and weekly risky levels at $142.30 and $145.09, respectively.

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