Retail Recap: Best Buy, Home Depot, J.C. Penney Rebound

Tickers in this article: ANF BBY DLTR HD JCP KSS LOW M TGT TJX

NEW YORK (TheStreet) -- Today's earnings recap covers 10 of the retail companies I profiled pre-earnings earlier in the week. Some retailers had been weak performers so far in 2014, thus some of the strength that followed results can be viewed as a sigh of relief.

On Feb. 24 I wrote, Tuesday Premarket Earnings: Home Depot, Macy's,Toll Brothers and Visteon and both retailers in the headline traded higher in reaction to their earnings reports which were released before the opening bell Tuesday.

Home Depot ($81.70): Beat earnings estimates by 3 cents earning 73 cents a share. The stock closed Monday just above its 200-day simple moving average at $77.73 well positioned for a positive reaction to this earnings report. The stock gapped above its 50-day SMA at $79.29 at Tuesday's open and traded to a new all-time intraday high at $82.71 on Wednesday moving above its semiannual risky level at $81.82. The weekly chart shifts to positive with a close this week above its five-week modified moving average at $79.15. My semiannual value level is $75.25 with a semiannual pivot at $81.82 and quarterly risky level at $94.25.

Macy's ($57.96): Beat EPS estimates by 14 cents earning $2.31 a share. The stock gapped above its 50-day SMA at $53.59 at Tuesday's open and traded to a new all-time intraday high at $58.65 on Wednesday above my semiannual risky level is $57.19, which now becomes a pivot. The weekly chart shifts to neutral given a close this week above its five-week MMA at $54.27.

On Feb. 25 I wrote, Dollar Tree, Lowe's and Target Report Premarket and here's how these names plus two more covered in this report performed post-earnings.

Abercrombie & Fitch  ($40.04): Beat EPS estimates by 30 cents earning $1.34 released premarket Wednesday. The stock gapped higher at the open and traded up to $40.42 testing its 200-day SMA at $40.27. The stock was well-positioned for a positive earnings reaction as the weekly chart is positive with the stock above its five-week MMA at $34.89. Part of the rebound was a relief rally as the stock had a loss of 21.6% over the last 12 months when I profiled it on Tuesday. Quarterly and annual value levels are $30.78 and $29.88 with semiannual and annual risky levels at $53.43 and $55.28.

Dollar Tree ($55.29): Missed EPS estimates by 3 cents earning $1.02. The stock opened slightly lower and then gained upward momentum as a rally for retailers broadened to additional companies. The stock had been below its 50-day and 200-day SMAs at $53.72 and $54.21 and after a day's high at $56.39 the close was above both for the first time since Nov. 20. The weekly chart was poised for a shift to being positive given a close this week above its five-week MMA at $53.47 and this appears in the cards today. I show quarterly and semiannual risky levels at $60.48 and $61.85.

Lowe's ($50.72): Matched EPS estimates earning 31 cents a share. The stock traded as high as $51.28 which is between my monthly pivot at $50.85 and quarterly risky level at $52.64. The weekly chart was poised for a shift to being positive given a close this week above its five-week MMA at $48.07 and this is now a possibility. My semiannual value levels $42.87 and $41.03 with the quarterly risky level at $52.64.

Target ($60.49): Beat EPS estimates by 46 cents earning $1.30 a share. The big box retailer warned that the credit card breaches could impact future earnings, but the earnings beat and the fact that the stock was down 10.7% over the last 12 months have been ignored. The stock gapped higher moving above its 50-day SMA at $59.54 but is still well below its 200-day SMA at $65.23. The weekly chart shifts to neutral given a close this week above its five-week MMA and 200-week SMA converged at $58.89 and $57.98. My annual value levels are $54.45 and $53.25 with a semiannual risky level at $67.23.