NEW YORK (TheStreet) -- Today we crunch the numbers on two companies that report their quarterly earnings after the closing bell Thursday and four that report before the opening bell on Friday.
The profiles below provide trading guidelines for the stocks in two "crunching the numbers" tables that follow.
Bloomin' Brands (BLMN) ($22.28), down 7.2% year to date. Analysts expect the parent of Outback Steakhouse, Carrabba's Italian Grill and Bonefish to report earnings per share of 48 cents before the opening bell on Friday. The stock traded as high as $26.44 on Feb.25, and as low as $20.55 on April 28, well below its 200-day simple moving average now at $23.64. The weekly chart is negative with its five-week modified moving average at $22.80. A weekly value level is $21.02 with a monthly risky level at $24.99.
CBS Corp. (CBS) ($56.65), down 11% year to date. Analysts expect the broadcasting company to report EPS of 75 cents after the closing bell on Thursday. The stock set an all-time intraday high at $68.10 on March 11, and traded as low as $56.65 on Wednesday below its 200-day SMA at $58.94.
The weekly chart is negative with its five-week MMA at $59.75 in a pattern showing that a parabolic bubble is popping. A weekly value level is $54.25 with a semiannual pivot at $56.64 and semiannual and quarterly risky levels at $60.35 and $64.76, respectively.
Chiquita Brands (CQB) ($11.48), down 1.9% year to date. Analysts expect the distributor of fresh fruits and vegetables to report EPS of 14 cents before the opening bell on Friday. The stock traded as low as $9.90 on Feb. 10, and as high as $12.92 on March 10. It ended Wednesday below its 200-day SMA at $11.64.
The weekly chart is negative with its five-week MMA at $11.77 and the 200-week SMA at $10.39. Quarterly and monthly value levels are $10.95 and $10.38, respectively, with semiannual and weekly risky levels at $12.28 and $13.05, respectively.
Monster Beverage (MNST) ($65.18), down 3.8% year to date. Analysts expect the distributor of energy drinks to report EPS of 49 cents after the closing bell on Thursday. The stock traded as high as $75.63 on Feb. 24, and as low as $63.16 holding its 200-day SMA at $63.27. The weekly chart is negative with its five-week MMA at $67.00. Weekly and quarterly value levels are $61.16 and $59.15, respectively, and monthly and semiannual risky levels at $71.88 and $74.37, respectively.
Ralph Lauren (RL) ($152.56), down 14% year to date. Analysts expect the upscale retailer of clothing, fragrances and home furnishings to report EPS of $1.64 before the opening bell on Friday. The stock has been below its 200-day SMA at $174.16 since Jan. 13, and traded as low as $146.00 on Feb. 5. It's now well below its 200-day SMA now at $165.99.
The weekly chart is negative with its five-week MMA at $155.92 and its 200-week SMA at $146.92. Weekly and quarterly value levels are $149.07 and $147.32, respectively, with annual and monthly risky levels at $156.84 and $159.88, respectively.
Stratasys (SSYS) ($94.22), down 30% year to date. Analysts expect the maker of 3D printers to report an EPS loss of 33 cents before the opening bell on Friday. The stock has been below its 200-day SMA since April 7, and traded as low as $90.65 on April 29, well below its 200-day SMA at $110.84.
Weekly and annual value levels are $90.26 and $85.62, respectively, with semiannual and monthly risky levels at $117.00 and $118.18, respectively.
Your investment policy among these stocks depends on whether 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.
Crunching the Numbers with Richard Suttmeier: Moving Averages & Stochastics
This table provides the technical status for the stocks profiled in today's report.
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. (even Apple declined to its 200-week SMA in June 2013)
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. (even Apple tested or crossed its 200-day SMA in nine of the last 10 years)
Crunching the Numbers with Richard Suttmeier: Earnings & Where to Buy & Where to Sell
This table presents the EPS estimates including date and before or after the close, and where to buy on weakness and where to sell on strength.
EPS Date is the day the company reports their quarterly results.
EPS Estimate is the earnings per share estimate from Wall Street analysts.
Value Levels, Pivots and Risky Levels are calculated based upon the last nine weekly closes (W), nine monthly closes (M), nine quarterly closes (Q), nine semiannual closes (S) and nine annual closes (A). I have one column for pivots, which is a magnet for the period shown. The columns to the left of the pivots are first and second value levels. The columns to the right of the pivots are first and second risky levels.
Investors who wish to buy a stock should use a good-until-canceled GTC limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level.
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