This Day On The Street
Continue to site
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

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.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ZOOM $0.00 400.00%
ASYS $6.04 -3.40%
CNQR $128.78 -0.02%
QIHU $75.91 -0.04%
ZLTQ $30.55 2.20%


Chart of I:DJI
DOW 17,883.18 +109.54 0.62%
S&P 500 2,080.08 +14.78 0.72%
NASDAQ 4,812.1680 +36.81 0.77%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs