This company has seen its net income trend higher in three straight quarters. Over the last four quarters, Rockwell Collins has seen its revenue trend higher by an average of 3.6% year over year. Its best growth was in the first quarter of the last fiscal year was 8.1% year over year.
The current short interest as a percentage of the float for Rockwell Collins is decent at 5.4%. That means that out of the 140.39 million shares in the tradable float, 7.94 million are sold short by the bears.
From a technical standpoint, COL is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock bottomed in August at $43.63 a share and since then it has uptrended to its current price of just over $56 a share. Due to that uptrend, COL is trading very close to some breakout levels that could get taken out if the company delivers a bullish report.
If you're bullish on COL, I would look to be a buyer after their report if the stock breaks out above $57.96 a shares on strong volume. Look for volume that's tracking in close to or above its three-month average action of 1.150,640 shares. If we get that move, then I would target a run back towards $60 to $62.22 a share, or possibly higher if the bulls gain full control of this stock post earnings.
I would avoid any long trades in COL or get short if this stock drops back below its 50-day ($54.80) and 200-day ($55.88) moving averages after they report earnings. Any high-volume moves back below those key technical levels should set this stock up to trend down towards $52.90 to $50 a share post-earnings.
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My final earnings short-squeeze trade idea is semiconductor king
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