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As Markets Hit Highs, a Technical Look at Bank of America, Six Others Set to Report

Stocks in this article: BAC CSX C INTC MTB PNC TXT YHOO

NEW YORK (TheStreet) --As markets reach all-time highs, let's look at the stocks of six companies set to report earnings during the next two days. 

It is important that investors and traders understand the risk/reward for a stock both before and after a company reports quarterly earnings.

So far this year, the Dow Jones Industrial Average is up 2.9%, setting an all-time intraday high at 17088.43 on Monday with Dow component Intel (INTC) a leader, up 21% year to date.

Former Dow component Bank of America (BAC) is unchanged year to date, while two other members of the KBW Banking Index -- M&T Bank (MTB) and PNC Bank (PNC) -- are also up. M&T is up 4.5%, PNC 12%.

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The Dow Jones Transportation Average is up 12% year to date, setting an all-time intraday high at 8338.72 on Monday. Component CSX (CSX) lags the transportation average; it's up 8%.

These differentials are the reason investors and traders should focus on my two "crunching the numbers" tables, which provide current readings for both stock-specific fundamental data and simple readings of technical analysis.

The most important parts of the second table are action levels: value levels at which to buy on weakness and risky levels at which to sell on strength.

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