This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

5 Stocks Set to Soar off Bullish Earnings

Concur Technologies

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

An earnings short-squeeze idea in the software and programming complex is on-demand employee spend management solutions provider Concur Technologies (CNQR), which is set to release numbers on Tuesday after the market close. Wall Street analysts, on average, expect Concur Technologies to report revenue of $94.65 million on earnings of 24 cents per share.

This stock is setting up technically to break out if the company can report solid earnings and bullish guidance that the bulls approve of. Any post-earnings breakout could set this name up to challenge its all-time high of $58.19.

The current short interest as a percentage of the float for Concur Technologies is an extremely large 16%. That means that out of the 52.04 million shares in the tradable float, 7.08 million are sold short by the bears. This is a very large short interest, so if you any strength in the stock off of solid earnings and guidance could spark a giant short squeeze.

From a technical standpoint, this equity is currently trading above its 50-day and 200-day moving averages, which is bullish. This stock dropped big off its July high of $52.71 to a recent low of $34.30. Since hitting that low, the stock has been doing nothing but trending higher for the past two months. During that trend, shares of CNQR have been making higher highs and higher lows, which is bullish.

The way I would play this name is to wait until after it report its numbers and buy the stock if it breaks out above some past overhead resistance at $49.83 on big volume. Look for volume that's tracking in close to or above its three-month average action of 599,338 shares. If that level is taken out, I would then add to any long position once it trades above $52.71 with volume.

>>Stocks Rising on Unusual Volume

I would consider shorting this stock after earnings only if it drops below its 200-day moving average of $47.26 on heavy volume. I would then add to any short position if near-term support at $46.86 is taken out with volume. I would target a drop back towards its 50-day moving average of $41.80, or possibly even lower if the bears smack this stock down post-earnings.

Stock quotes in this article: ZLTQ, ZOOM, CNQR, QIHU, ASYS 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs