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Micron, Sonic, Walgreen: How to Trade Their Stocks Before They Report Earnings

Stocks in this article: APOL BKS GIS MON MU SONC WAG

NEW YORK (TheStreet) -- Barnes & Noble (BKS), Walgreens (WAG) and Micron Technology (MU) are among the companies reporting earnings this week. Today we'll look at how to trade their stocks and the shares of four other companies that also plan to release quarterly results.

The common thread among all of these companies is that their shares are up year to date.

Can Barnes & Noble hold onto a 38% gain despite continued quarterly losses? Can Micron Tech (MU) stretch a 46% gain on the momentum in the semiconductor industry? Drugstore giant Walgreens (WAG) has a gain of 30% so far in 2014.

Here are the seven profiles. Two "Crunching the Numbers" tables follow.

Apollo Group (APOL) ($29.39), up 7.6% year to date. Analysts expect the online education company to report earnings per share of 65 cents before the opening bell on Wednesday. The stock traded as high as $35.92 on Jan. 22 then traded as low as $26.05 on May 22 and is now above its 200-day simple moving average at $27.86.

The weekly chart is positive with its five-week modified moving average at $28.60 and its 200-week SMA at $33.40. Weekly and semiannual value levels are $28.96 and $23.25, respectively, with annual and monthly risky levels at $31.82 and $32.33, respectively.

Barnes & Noble ($20.70), up 38% year to date. Analysts expect the retailer of books and the Nook e-reader to report a loss of 63 cents a share before the opening bell on Wednesday. The stock traded as high as $22.41 on March 17 then traded as low as $15.45 on May 7, which was below its 200-day SMA now at $16.36.

The weekly chart is positive with its five-week MMA at $18.87 and 200-week SMA at $15.23. Quarterly and annual value levels are $16.89 and $15.26, respectively, with a semiannual pivot at $20.54 and monthly risky level at $21.61.

General Mills (GIS) ($54.64), up 9.5% year to date. Analysts expect the packaged consumer foods company to report EPS of 71 cents before the opening bell on Wednesday. The stock traded to an all-time intraday high at $55.64, well above its 200-day SMA at $50.65.

The weekly chart is positive with its five-week MMA at $53.91. Monthly and annual value levels are $53.86 and $49.47, respectively, with a semiannual pivot at $54.08 and weekly and quarterly risky levels at $56.50 and $59.04, respectively.

Monsanto (MON) ($122.08), up 4.7% year to date. Analysts expect the agricultural basic materials company to report EPS of $1.56 before the opening bell on Wednesday. The stock set a multiyear intraday high at $122.81 on June 2 and is well above its 200-day SMA at $111.44.

The weekly chart is positive but overbought with its five-week MMA at $118.58. A semiannual value level is $91.34 with annual risky levels at $123.36 and $131.26.

General Mills and Monsanto were two of Jim Cramer's Top Picks on Friday week. 

Micron Technology ($31.85), up 46% year to date. Analysts expect the company to report EPS of 71 cents after the closing bell on Monday. The stock set a multiyear intraday high at $32.43 on June 18 and is well above its 200-day SMA at $22.59.

The weekly chart is positive but overbought with its five-week MMA at $28.46. Quarterly and semiannual value levels are $28.92 and $20.30, respectively, with weekly and monthly risky levels at $32.04 and $32.87, respectively.

Richard Saintvilus, a fellow contributor to TheStreet, projects 30% upside for Micron

Sonic (SONC) ($22.40), up 11% year to date. Analysts expect the hamburger chain on skates to report EPS of 29 cents after the closing bell on Monday. The stock set a multiyear intraday high at $23.56 on March 26 then traded as low as $18.61 on May 1 dipping below its 200-day SMA now at $19.86.

The weekly chart is positive with its five-week MMA at $21.29. Monthly and semiannual value levels are $21.63 and $20.27, respectively, with a weekly pivot at $22.11 and quarterly risky level at $23.82.

Walgreen ($74.54), up 30% year to date. Analysts expect the drug store giant to report EPS of 94 cents before the opening bell on Tuesday. The stock set an all-time intraday high at $76.39 on June 19 well above its 200-day SMA at $62.40.

The weekly chart is positive but overbought with its five-week MMA at $71.19. Monthly and semiannual value levels are $73.77 and $69.02, respectively, with weekly and quarterly risky levels at $76.97 and $79.75, respectively.

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