Investing Ahead of Earnings: McCormick, Sonic and Walgreen

Tickers in this article: CACH FIVE MKC SCS SONC WAG
NEW YORK (TheStreet) -- Today, we preview six companies that are reporting earnings over the next two days. We crunch the numbers to help you decide if and when to invest.

Cache ($3.98, down 26.7% year to date): Analysts expect the women's apparel retailer to report a loss of 13 cents a share before the opening bell on Tuesday. The stock traded as high as $6.17 on Jan. 10 and as low as $3.95 on Friday.

It's below all moving averages in today's Crunching the Numbers table. The weekly chart is negative with its five-week modified moving average at $4.76 and below the 200-week simple moving average at $4.05. A quarterly value level is $3.30 with semiannual risky levels at $5.11 and $5.61.

Five Below ($38.59, down 10.7% YTD): Analysts expect the retailer of low-priced merchandise for teens and pre-teens to report earnings of 45 cents a share after the closing bell on Tuesday. The stock set an all-time intraday high at $55.28 on Nov. 18 and traded as low as $33.94 on Feb. 5. It has been below its 200-day SMA at $41.82 since Jan. 10.

The weekly chart shifts to positive with a close this week above its five-week MMA at $38.22. A weekly value level is $37.56 with quarterly and monthly risky levels at $39.53 and $47.09.

McCormick ($67.54, down 2% YTD): Analysts expect the spice maker to report earnings of 58 cents a share before the opening bell on Tuesday. The stock traded as high as $70.42 on Jan. 22 and as low as $62.76 on Feb. 7. It's between its 50-day SMA at $66.81 and 200-day SMA at $68.75.

The weekly chart is positive with its five-week MMA at $66.95. Monthly and weekly value levels are $64.45 and $63.55 with semiannual risky levels at $75.03 and $78.45.

Steelcase ($14.80, down 6.7% YTD): Analysts expect the maker of office furniture to report earnings of 17 cents a share after the closing bell on Tuesday. The stock traded as low as $13.60 on Feb. 4, and then tried to take out its 200-day SMA at $15.26 in early March but could not.

The weekly chart shifts to positive given a close this week above its five-week MMA at $14.84. My annual value levels are $10.26 and $8.28 with a weekly pivot at $14.85 and semiannual risky levels at $15.46 and $17.03.