NEW YORK (TheStreet) -- The PHLX Semiconductor Index (SOX) has been the best year-to-date performer among all the equity averages or indices I track, up 21% so far in 2014. Here I profile 15 of the most popular stocks in the SOX, but did not include Intel (INTC), as I covered this benchmark company on July 7 in Caterpillar, Intel Have Led the Dow 30 Higher as Earnings Begin.
Micron Tech (MU - Get Report) and Sandisk (SNDK - Get Report) outperformed the SOX with gains of 51% each, so far in 2014. The only year-to-date loser profiled today is CREE (CREE), down 19% year to date.
Today's first "crunching the numbers" table shows that eight of 15 stocks are above all five key moving averages. I included the "12-month trailing earnings per share" and 10 have elevated P/E ratios between 20.5 and 43.0.
This table provides the technical status for the stocks profiled in today's report. The 12 month trailing price to earnings ratio There are five columns with moving average titles: Five-Week Modified Moving Average, 21-Day Simple Moving Average, 50-Day Simple Moving Average, 200-Day Simple Moving Average and the 200-Week Simple Moving Average. The column labeled 12x3x3 Weekly Slow Stochastics shows the pattern on each weekly chart with readings from Oversold, Rising, Overbought, Declining or Flat. Interpretations: Stocks below a moving average are listed in red. Five-Week Modified Moving Average (MMA) is one of two indicators that define whether or not a weekly chart profile is positive, neutral or negative. The other is the status of the 12x3x3 weekly slow stochastic. A stock with a positive technical rating is above its five-week MMA with rising or overbought stochastics. A stock with a negative technical rating is below its five-week MMA with declining or oversold stochastics. A stock with a neutral technical rating has a profile that is not positive or negative. The 200-Week Simple Moving Average (SMA) is considered a long-term technical support or resistance and as a "reversion to the mean" over a rolling three to five year horizon. The 21-Day Simple Moving Average is a short-term technical support or resistance used by many hedge fund traders to adjust positions. A stock above its 21-day SMA will likely move higher over a rolling three to five day horizon and vice versa. The 50-Day Simple Moving Average is also a technical support or resistance used by many strategists and commentators in financial TV. The 200-Day Simple Moving Average is another technical support or resistance and I consider this level as a shorter-term "reversion to the mean" over a rolling six to 12 month horizon. Crunching the Numbers with Richard Suttmeier: Earnings & Where to Buy & Where to Sell
This table presents the EPS estimates including date and before or after the close, and where to buy on weakness and where to sell on strength. Value Levels, Pivots and Risky Levels are calculated based upon the last nine weekly closes (W), nine monthly closes (M), nine quarterly closes (Q), nine semiannual closes (S) and nine annual closes (A). I have one column for pivots, which is a magnet for the period shown. The columns to the left of the pivots are first and second value levels. The columns to the right of the pivots are first and second risky levels. Investors who wish to buy a stock should use a good-until-canceled GTC limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff