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TheStreet Open House

CarMax Drives to New High, Pier 1 Takes Plunge Below Key Average

Stock quotes in this article: KMX, KR, RHT, DRI, PIR, SWHC

Red Hat (RHT) ($55.01) is up 5.5% since June 16 after being down 7% year to date. The company beat analysts' EPS estimates by 2 cents, earning 24 cents. The stock spiked as high as $57.35 on Thursday, moving well above its 200-day SMA at $51.39.

The weekly chart remains positive with its five-week MMA at $52.42 and its 200-week SMA at $49.09. Weekly and annual value levels are $53.96 and $48.28, respectively, with annual and monthly risky levels at $55.80 and $61.79, respectively.

And the losers are:

Darden Restaurant (DRI) ($47.76) is down 3.7% since June 17 after being down 8.8% year to date. The company missed analysts' EPS estimates by 38 cents, earning 55 cents a share. The stock stayed below its 200-day SMA at $50.31, trading as low as $46.53 on Monday.

Darden's poor quarter may be a sign that a bubble is popping in  restaurants stocks.

The weekly chart shifts to negative with the stock below its five-week MMA at $49.09 and its 200-week SMA at $49.09. An annual value level is $44.50 with an annual pivot at $48.40 and monthly and quarterly risky levels at $50.80 and $51.25, respectively.

Pier 1 Imports ($15.39 is down 15% since June 17 after being down 21% year to date. The company missed analysts' EPS estimates by 4 cents, earning 16 cents. The stock -- which was downgraded by TheStreet -- gapped below its 50-day SMA at $17.68 on Thursday, trading as low as $15 on Friday.

The weekly chart is negative but oversold with its five-week MMA at $16.91 and its 200-week SMA at $16.57. An annual pivot is $15.24 with weekly and monthly risky levels at $16.74 and $17.61, respectively.

Smith & Wesson (SWHC) ($15.30) is down 8.1% since June 17 after being up 23% year to date. The company beat analysts' EPS estimates by 4 cents, earning 44 cents, but the stock was shot in the foot on a weak outlook. It traded as high as $17.25 pre-earnings on Thursday, and as low as $15.01 on Friday, below its 50-day SMA at $15.55 with its 200-day SMA at $13.23.

The weekly chart shifts to negative given a close with week below its five-week MMA at $15.54. Semiannual and value levels are $14.93 and $10.81, respectively, with quarterly and weekly risky levels at $16.54 and $17.70, respectively.

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