How to Trade Coming Earnings Including Tesla, McDermott, BankRate

NEW YORK (TheStreet) -- Today we crunch the numbers on five companies that report quarterly earnings after the closing bell Wednesday and four that report before the opening bell on Thursday.

The profiles below provide trading guidelines for the stocks in two "crunching the numbers" tables that follow (on pages 2 and 3).

Apache (APA) ($86.42) is up just 0.6% year to date. Analysts expect the oil and gas explorer to report earnings per share of $1.63 before the opening bell on Thursday. The stock traded as low as $77.31 on Feb. 5 then as high as $88.69 on April 29, which was higher than its 200-day simple moving average now at $85.01. The weekly chart is positive with the five-week modified moving average at $84.91. Monthly and semiannual value levels are $84.87 and $83.38, respectively, with weekly and annual risky levels at $88.13 and $111.91, respectively.

Dean Foods (DF) ($15.27) is down 11% year to date. Analysts expect the processor of daily products to report EPS of 2 cents before the opening bell on Thursday. The stock traded as low as $13.59 on Feb. 11 then as high as $16.52 on April 4, which was well below its 200-day SMA at $17.55. The weekly chart shifts to positive given a close this week above its five-week MMA at $15.47. Monthly and annual value levels are $14.55 and $10.51, respectively, with weekly and quarterly risky levels at $16.09 and $20.21, respectively.

JA Solar (JASO) ($9.95), up 8.5% year to date. Analysts expect the maker of high-performance solar cells to report EPS of 8 cents before the opening bell on Thursday. The stock traded as low as $8.35 on Feb. 5 then as high as $13.14 on March 17. Weakness has held its 200-day SMA down, and it is now at $9.71. The weekly chart is negative with the five-week MMA at $10.11 and the 200-week SMA at $14.92. Weekly and semiannual value levels are $9.38 and $5.48, respectively, with quarterly and monthly risky levels at $11.04 and $12.33, respectively.

McDermott (MDR) ($7.14), down 22% year to date. Analysts expect the energy services company to report a loss of 12 cents a share after the closing bell Wednesday. The stock traded as high as $9.36 on Jan. 21 then as low as $6.79 and has been below its 200-day SMA since March 25 with this average now at $7.85. The weekly chart is negative but oversold with the five-week MMA at $7.33. Weekly and quarterly value levels are $6.79 and $6.25, respectively, with monthly and semiannual risky levels at $8.22 and $10.17, respectively.

BankRate (RATE) ($16.81), down 6.0% year to date. Analysts expect the Internet aggregator of financial rate information to report EPS of 15 cents after the closing bell Wednesday. The stock traded as low as $15.68 on Jan. 23 then as high as $21.49 on Feb. 28 and is now below its 200-day SMA at $18.06. The weekly chart is negative but oversold with its five-week MMA at $17.06. A weekly value level is $14.49 with a monthly risky level at $18.98.

Transocean (RIG) ($43.06), down 13% year to date. Analysts expect the provider of offshore contract drilling services for oil and gas wells to report EPS of $1.00 after the closing bell today. The stock fell below its 200-day SMA at $49.22 on Jan. 7 and traded as low as $38.47, well below the 200-day SMA, which is now at $45.85. The weekly chart is positive with the five-week MMA at $42.14. Weekly and quarterly value levels are $40.36 and $36.59, respectively, with monthly and annual risky levels at $44.77 and $64.86, respectively.

Tesla Motors (TSLA) ($207.28), up 38% year to date. Analysts expect the maker of luxury electric vehicles to report a loss of 10 cents a share after the closing bell Wednesday. The stock set an all-time intraday high at $265.00 on Feb. 26 then traded as low as $184.32 on April 15. The weekly chart shifts to negative given a close this week below its five-week MMA at $207.48. Monthly and quarterly value levels are $204.66 and $185.07, respectively.

Wendy's (WEN) ($8.38), down 4.0% year to date. Analysts' expect the burger chain to report EPS of 5 cents after the before the opening bell on Thursday. The stock set a multiyear intraday high at $10.27 on Feb. 26, then traded as low as $8.09 on April 28 and is below its 200-day SMA at $8.57. The weekly chart is negative but oversold with the five-week MMA at $8.65. Weekly and semiannual value levels are $7.96 and $6.80, respectively, with a quarterly pivot at $8.52 and monthly risky level at $9.97.

Zillow (Z) ($102.92), up 26% year to date. Analysts expect the Internet provider of real estate information to report an EPS loss of 22 cents after the closing bell Wednesday. The stock set an all-time intraday high at $111.35 on May 1 and weakness all year has stayed above its 200-day SMA, now at $85.70. The weekly chart is positive with its five-week MMA at $95.17. Quarterly and monthly value levels are $89.25 and $80.32, respectively, with a weekly pivot at $107.91.

Your investment policy among these stocks depends on whether or not you are a buyer on weakness or a seller of strength. We advocate using a good-'til-cancelled limit order to buy weakness to a value level or to sell strength to a risky level.

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