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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Delta Flies High; Boeing Reduces Altitude; 4 More Must-See Earnings Previews

Stocks in this article: BA DAL LSTR NSC OC PEP

Norfolk Southern ($106.22) set an all-time intraday high at $106.37 on Monday, and is above all five moving averages in the first "crunching the numbers" table.

Analysts expect the company to report EPS of $1.74 before the opening bell on Wednesday. The company's 12-month trailing P/E ratio is 17.5, with a dividend yield of 2%.

The weekly chart is positive but overbought, with its five-week MMA at $103.16. Monthly and semiannual value levels are $105.43 and $105.19, respectively, with a weekly risky level at $107.61.

Owens Corning ($36.99) has been below its 200-day SMA at $40.18 since June 20, trading as low as $36.40 on July 17.

Analysts expect the company to report EPS of 47 cents before the opening bell on Wednesday. The company's 12-month trailing P/E ratio is 21.3, with a dividend yield of 1.7%.

The weekly chart is negative but oversold, with its five-week MMA at $38.74 and its 200-week SMA at $35.18. A weekly pivot is $36.99, with semiannual risky levels at $42.97 and $44.31.

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Pepsico ($89.91) set an all-time high at $91.39 on July 14, and it is above all five moving averages in the first "crunching the numbers" table.

Analysts expect the company to report EPS of $1.23 before the opening bell on Wednesday. The company's 12-month trailing P/E ratio is 20.7, with a dividend yield of 2.9%.

The weekly chart is positive but overbought, with its five-week MMA at $88.85. Monthly and semiannual value levels are $85.50 and $84.83, respectively, with a quarterly pivot at $90.64, and semiannual and weekly risky levels at $91.53 and $93.01, respectively.


Crunching the Numbers with Richard Suttmeier: Moving Averages & Stochastics

This table provides the technical status for the stocks profiled in today's report.

The 12-month trailing price to earnings ratio

The dividend yield

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.

Up next: more buy-and-sell charts.

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