How to Trade Earnings for Deere, Macy's, SodaStream, 4 Others

NEW YORK (TheStreet) -- Today we crunch the numbers on two companies that report their quarterly earnings after the closing bell Monday, one after the closing bell on Tuesday and four before the opening bell on Wednesday.

The profiles below provide trading guidelines for the stocks in two 'crunching the numbers" tables that follow.

Deere & Co.  (DE) ($94.34), up 3.3% year to date. Analysts expect the producer of agricultural equipment to report earnings per share of $2.40 before the opening bell on Wednesday. The stock traded as low as $83.41 on Feb. 5, which was below its 200-day simple moving average, and went as high as $95.89 on Thursday, well above the 200-day SMA at $86.36.

The weekly chart is positive but overbought with its five-week modified moving average at $91.78 and the 200-week SMA at $82.54. Monthly and quarterly value levels are $91.51 and $90.50, respectively, with weekly and semiannual risky levels at $97.37 and $108.07, respectively.

Diana Shipping (DSX) ($10.74), down 19% year to date. Analysts expect the shipper of bulk cargoes such as iron ore, coal and grain to report a loss of 9 cents a share before the opening bell on Wednesday. The stock set a multiyear intraday high at $13.93 on March 6, and traded as low as $10.56 on Friday, well below its 200-day SMA at $11.90.

The weekly chart is negative but oversold its five-week MMA at $11.67 with its 200-week SMA at $10.03. Semiannual value levels are $7.70 and $6.28 with a weekly pivot at $10.84 and quarterly and monthly risky levels at $11.40 and $ 13.12, respectively.

Macy's  (M) ($56.35), up 5.5% year to date. Analysts expect the operator of department-store chains including Bloomingdale's, Burdines and Rich's to report EPS of 59 cents before the opening bell on Wednesday. The stock set an all-time high at $61.26 on April 4, and traded as low as $54.82 on Wednesday.

The weekly chart is negative with its five-week MMA at $57.10. Semiannual and quarterly and monthly value levels are $54.05 and $52.73, respectively, with a weekly pivot at $56.71, and semiannual and monthly risky levels at $57.19 and $52.51, respectively.

McKesson  (MCK) ($171.00), up 5.9% year to date. Analysts expect the health care-services and technology company to report EPS of $2.38 after the closing bell on Monday. The stock set an all-time intraday high at $188.02 on March 21, and traded as low as $162.90 on April 11.

The weekly chart shifts to negative given a close this week below its five-week MMA at $170.87. Quarterly and weekly value levels are $166.02 and $161.34, respectively, with a monthly risky level is $207.11.

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