This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Set to Soar off Bullish Earnings

Stocks in this article: ZLTQ ZOOM CNQR QIHU ASYS

Amtech Systems

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

Get Adobe Flash player

Another earnings short-squeeze candidate is semiconductor equipment maker Amtech Systems (ASYS), which is set to release numbers on Tuesday after the market close. Wall Street analysts, on average, expect Amtech Systems to report revenue of $54.29 million on earnings of 29 cents per share.

This stock is trading right near some previous support levels at $9.40 to $9.60 a share as we head into the quarter. If the stock can hold above those levels and above its 50-day moving average of $9.75 after earnings, then shares could spike and break out.

The current short interest as a percentage of the float for Amtech Systems stands at 6.9%. That means that out of the 9 million shares in the tradable float, 624,182 shares are sold short by the bears. This stock has a decent short interest and a very small float. Any good earnings news could set off a solid short squeeze for the bulls.

>>5 Stocks Under $10 With Big Upside Potential

From a technical standpoint, this stock is currently trading above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock recently dropped big from its July high of $21.65 to a recent low of $7.12 a share. The stock has now started to trade sideways for the past few months between $11.60 and around $8.60 a share. A move outside of that range will set the stock up for its next big trend.

If you're bullish on this stock, I would wait until after earnings are reported and buy the stock once it breaks out above $11.60 on big volume. Look for volume that's tracking in close to or above its three-month average action of 243,500 shares. I would then add to any long position once the stock takes out $14 with volume. That should set up ASYS to fill some of a recent gap down in price from back in August.

I would only get short this stock after earnings are reported if it trades below $9.40 share on heavy volume. I would add to any short position once $8.60 is then taken out, and target a drop back towards that recent low of $7.12.

To see more potential earnings short squeeze plays, including Hot Topic (HOTT), Zoll Medical (ZOLL) and E Commerce China Dangdang (DANG), check out the Earnings Short Squeeze Plays portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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