Exxon, Goldcorp, Royal Gold: How to Trade Thursday's Earnings Reports
NEW YORK (TheStreet) -- Today we crunch the numbers on 11 companies that report quarterly earnings before the opening bell Thursday.
Rather than profile each stock individually, I will crunch the numbers in the tables below for you. (See pages 2 and 3 for the tables.)
The biggest year-to-date gainer is Royal Gold
The weekly chart for Royal Gold is neutral with the five-week modified moving average at $65.38 and the 200-week simple moving average at $62.76. The 12x3x3 weekly slow stochastic is declining, so a close this week below $65.38 would shift the weekly chart to negative. Weekly and monthly value levels are $64.44 and $58.48, respectively, with a quarterly pivot at $66.48 and annual and semiannual risky levels at $67.13 and $69.05, respectively.
The second best year-to-date gainer is Mylan
The weekly chart shifts to negative given a close this week below its five-week MMA at $49.77. Quarterly and weekly value levels are $45.97 and $45.75, respectively, with a monthly risky level at $54.78.
In third place to the upside year-to-date is Goldcorp
The weekly chart stays negative given a close this week below its five-week MMA at $25.05. Monthly and quarterly value levels are $21.96 and $16.08, respectively, with a weekly pivot at $24.14 and semiannual risky levels at $32.82 and $41.33.
The biggest year-to-date loser is Blue Nile
The weekly chart stays negative but oversold given a close this week below its five-week MMA at $35.16. A semiannual value level is $23.15 with a weekly pivot at $34.48 and monthly and quarterly risky levels at $40.97 and $41.48, respectively.
Another double-digit year-to-date loser is MasterCard
The weekly chart is neutral with its five-week MMA at $73.17 with rising stochastics. Weekly and semiannual value levels are $68.12 and $64.93, respectively, with a semiannual pivot at $69.06 and quarterly and monthly risky levels at $86.90 and $90.52, respectively.
One more double-digit year-to-date loser is Cigna Corp
The weekly chart is negative with its five-week MMA at $78.79. Semiannual value levels are $77.19 and $76.77 with a weekly pivot at $78.08 and quarterly and monthly risky levels at $86.59 and $86.80, respectively.
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 canceled limit order to buy weakness to a value level or to sell strength to a risky level.