TJX (TJX) ($60.29): Missed EPS estimates by 2 cents earning 81 cents a share. The stock opened above its 50-day SMA at $60.84 to a day's high at $62.22 but then closed below the 50-day with its 200-day SMA at $56.43. Even with this choppy pattern, the weekly chart shifts to positive given a close this week above its five-week MMA at $60.23. Semiannual and annual value levels are $55.29 and $52.67 with semiannual and quarterly risky levels at $62.97 and $68.04.
On Feb. 26 I wrote, Earnings Preview: JCPenney and Best Buy Are Survivors and here's how these names plus one more covered in this report are performing post-earnings.
Best Buy (BBY) ($25.82): Beat EPS estimates by 23 cents earning $1.04 a share released premarket this morning. The stock opened with a day's high at $28.20 as of 10 a.m. Part of the rebound the stock was on reduced costs in an announcement that some store managers faced job cuts, and because the stock had a year-to-date loss of 36.5%. The weekly chart stays negative but oversold unless Friday's close is above its five-week MMA and 200-week SMA at $28.31 and $28.22. My semiannual value levels are $24.82 and $18.95 with a quarterly risky level at $30.06.
J.C. Penney (JCP) ($5.96): Beat EPS estimates by 11 cents reporting a less than expected loss of 68 cents a share after the closing bell Wednesday. The stock gapped above its 50-day SMA at $6.96 this morning well below its 200-day SMA at $11.44. A reason for the strong rebound is the fact that the stock had a year-to-date loss of 38.5%. The weekly chart shifts to positive given a close this week above its five-week MMA at $6.76. My annual value level is $5.10 with a semiannual risky level at $18.25.
Kohl's Corp (KSS) ($54.44) This morning beat EPS estimates by 3 cents earning $1.56 a share. This retailer was trading higher during the week moving above its 200-day SMA at $52.97 on Tuesday. The stock set a day's high at $55.67 as of 10 a.m. The weekly chart is positive with its five-week MMA and 200-week SMA at $52.88 and $50.68. My semiannual value level is $46.89 with quarterly and annual pivots at $51.01, $52.25 and $54.63 and a semiannual risky level at $57.44.
At the time of publication the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff