Reporting after the close on Thursday AT&T ( T) ($33.44) -- is expected to earn 47 cents per share down from 48 cents estimate of last week. AT&T set a multi-year high at $38.58 on Sept. 21 and is below its 200-day SMA at $34.90. The daily chart is negative and the weekly chart is neutral with the five-week MMA at $34.13. The stock has a hold rating with my semiannual value level at $31.76 with a weekly risky level at $35.08. Reporting after the close on Thursday Microsoft ( MSFT) ($27.25) -- is expected to earn 75 cents per share. MSFT is well below its multi-year high at $32.95 set on March 16, 2012 and is below its 200-day SMA at $29.39. The daily chart is positive and the weekly chart is oversold with the five-week MMA at $27.19 and the 200-week SMA at $26.96. The stock has a buy rating with my weekly value level at $26.07 with a quarterly pivot at $27.26 and annual risky level at $27.92. At the time of publication the author held no positions in any of the stocks mentioned.Follow @SuttmeierThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.