I’m keeping my eye on the following stocks for this coming week.
GE – General Electric
My earnings research shows this stock starts to decline 5-6 weeks after it’s January earnings release (ER) date which was 18 Jan. The daily chart shows the stock gapped higher in the last few trading days with the candles hanging out of the top bollinger band, positioning itself just right for a pull back or decline.
AZO – AutoZone, Inc
My earnings research shows this stock starts rising 1 week prior to it’s February earnings release date, which is 26 Feb this year, through 2 weeks after the earnings release date. The daily chart shows the stock has been on a down trend for the past week but, the 200 period moving average may provide the support the stock needs to reverse. This trend goes through earnings and usually lasts for 4 weeks. I don’t normally trade through an earnings date but this trend is one of the few I’d consider.