Conagra, Cracker Barrel, Herman Miller, Pier 1, Rite Aid Report Earnings

NEW YORK (TheStreet) - Among the five retail-oriented companies that report earnings Wednesday or Thursday, the biggest gainer is Rite Aid (RAD) up 27% year to date.

The largest loser is Pier 1 Imports (PIR) down 35% year-to-date.

Here are today's profiles and two "crunching the numbers" tables follow.

Conagra Foods (CAG) ($32.35) reports quarterly results before the opening bell on Thursday and analysts expect packaged food company to report earnings-per-share of 35 cents.

The stock traded as high as $32.88 on Sept.8 and is above all five moving averages in today's first "crunching the numbers" table.

The weekly chart is positive but overbought with the five-week modified moving average at $31.87. Monthly and annual value levels are $29.12 and $22.10, respectively, with an annual pivot at $32.01 and semiannual risky levels at $33.61 and $35.74.

Cracker Barrel (CBRL) ($103.45) reports quarterly results before the opening bell on Wednesday and analysts expect the country-style dining chain to report EPS of $1.57.

The stock set traded as high as $104.52 on Monday and is above all five moving averages in today's first table.

The weekly chart is positive with the five-week MMA at $100.90. Semiannual and monthly value levels are $100.76 and $88.75, respectively, with semiannual and quarterly risky levels at $105.65 and $119.12, respectively.

Herman Miller (MLHR) ($30.37) reports quarterly results after the closing bell on Wednesday and analysts expect the provider of office furniture to report EPS of 46 cents.

The stock set a multiyear intraday high at $32.72 on June 6 then traded as low as $28.24 on August 4. This stock is also above all five moving averages in today's first table.

The weekly chart is positive with the five-week MMA at $30.21. Weekly and annual value levels are $29.23 and $21.60, respectively, with a monthly pivot at $30.88 and semiannual risky levels at $32.04 and $32.37.

Pier 1 Imports ($14.90) reports quarterly results after the closing bell on Wednesday and analysts expect the home furnishing retailer to report EPS of 13 cents.

The stock broke below its 200-day SMA at $22.41 on Jan.9 and traded as low as $14.78 on August 1 with the stock below all five moving averages in today's first table.

The weekly chart is negative but oversold with the five-week MMA at $15.40. A monthly value level is $11.87 with an annual pivot at $15.24 and quarterly and semiannual risky levels at $23.92 and $26.33, respectively.

Rite Aid ($6.42) reports quarterly results before the opening bell on Thursday and analysts expect the drug store chain to report EPS of 6 cents

The stock set a multiyear intraday high at $8.61 on June 4 then traded as low as $6.10 on August 8 below its 200-day SMA at $6.59.

The weekly chart shifts to positive given a close this week above its five-week MMA at $6.56. Weekly and semiannual value levels are $5.90 and $5.40, respectively, with quarterly and monthly risky levels at $7.03 and $8.38, respectively.

Crunching the Numbers with Richard Suttmeier: Moving Averages & Stochastics

This table provides the technical status for the stocks profiled in today's report.

The 12 month trailing price to earnings ratio

The Dividend Yield

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.

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.

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.

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.

Follow @Suttmeier

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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