NEW YORK (TheStreet) - Today we provide a post-earnings scorecard for seven of the companies we profiled pre-earnings last week. Three had post-earnings gains of 5.2% to 7.5% from the closes in their pre-earnings profile and four had losses between 3.4% and 8.9%.
We crunch the numbers to help you decide whether or not to buy weakness to value levels or to sell strength to risky levels. Check out our charts on page 2 to help you make buy and sell decisions.
Chesapeake Energy (CHK) ($30.33, up 7.1% since May 5): Beat analysts' earnings per share estimates by 12 cents, earning 59 cents. The stock traded to a multiyear intraday high at $30.36 on Monday. The weekly chart is positive but overbought, with its five-week modified moving average at $28.17. Monthly and semiannual value levels are $28.37 and $26.27, respectively, with a weekly pivot at $30.07 and annual risky level at $35.50.
Chiquita Brands (CQB) ($10.89, down 5.1% since May 7): Missed analysts' EPS estimates by 52 cents, reporting a loss of 38 cents. The stock stayed below its 200-day simple moving average at $11.81 on May 8, trading as low as $10.21 on May 9. The weekly chart is negative, with its five-week MMA at $11.49 and the 200-week SMA at $10.38. Monthly and annual value levels are $10.38 and $6.92, respectively, with a quarterly pivot at $10.95, and semiannual and weekly risky levels at $12.28 and $12.30, respectively.
Monster Beverage (MNST) ($70.10, up 7.5% since May 7): Beat analysts' EPS estimates by 6 cents, earning 55 cents. The stock dipped to $63.00 on May 9, holding its 200-day SMA at $63.33 then rebounded sharply to as high as $70.46 on Monday. Buying weakness to one of the five key moving averages is one of our buy-and-trade options to consider, given a positive weekly chart. The weekly chart is positive with its five-week MMA at $67.93. Weekly and quarterly value levels are $63.82 and $59.15, respectively, and monthly and semiannual risky levels at $71.88 and $74.37, respectively.
Papa Johns (PZZA) ($42.45, down 4.5% since May 5): Matched analysts' EPS estimates, earning 45 cents. The stock popped to $46.50 on May 7, then fell to $41.46 on May 9, below its 200-day SMA at $42.60. The weekly chart is negative but oversold, with its five-week MMA at $45.97. Weekly and semiannual value levels are $41.02 and $40.43, respectively, with annual and quarterly risky levels at $44.44 and $55.05, respectively.
BankRate (RATE) ($15.32, down 8.9% since May 6): Matched analysts' EPS estimates, earning 15 cents. The stock traded as low as $14.86 on May 9. The weekly chart is negative but oversold, with its five-week MMA at $16.43. A quarterly value level lags at $7.50, with weekly and monthly risky levels at $15.93 and $18.98, respectively.
Ralph Lauren (RL) ($147.34, down 3.4% since May 7): Beat analysts' EPS estimates by 4 cents, earning $1.68. The stock traded as low as $141.93 on May 9, then rebounded to as high as $148.76 on Monday. The weekly chart is negative, with its five-week MMA at $153.50 and its 200-week SMA at $147.27. We have a quarterly pivot at $147.32, with weekly and annual risky levels at $149.16 and $156.84, respectively.
Molson Coors (TAP) ($63.67, up 5.2% since May 6): Beat analysts' EPS estimates by 19 cents, earning 55 cents. The stock traded to an all-time intraday high at $64.16 on May 12, above my monthly risky level, which is now a pivot at $62.59. The weekly chart is positive but overbought, with its five-week MMA at $60.28. Weekly and quarterly value levels are $62.06 and $54.80, respectively.
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 and 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.
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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