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 Earnings Stocks Poised to Pop

Independent Bank

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

Get Adobe Flash player

One earnings short-squeeze candidate in the regional banking complex is Independent Bank (INDB), which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Independent Bank to report revenue of $55.63 million on earnings of 50 cents per share.

If you're looking for a banking stock that's trending very strong heading into its quarter, then make sure to check out shares of Independent Bank. This stock is currently trading just a few points off its 52-week high of $29.99 as we approach its earnings report.

The current short interest as a percentage of the float for Independent Bank is rather high at 13.2%. That means that out of the 20.49 million shares in the tradable float, 2.69 million are sold short by the bears. This stock has a low float and a pretty decent short interest. Any bullish earnings news could easily spark a sizeable short-squeeze.

>>5 Bank Stocks Worth a Second Look

From a technical perspective, INDB is currently trading above its 200-day moving average and just below its 50-day moving average, which is neutral trendwise. This stock has been trading range bound for the last few months between $26.18 and $29.57 a share. A move outside of that range post-earnings will most likely setup the next big trend for INDB.

If you're bullish on INDB, I would look for long-biased trades after they report if this stock manages to move back above its 50-day moving average of $28.03, and break out above some near-term overhead resistance at $29.57 a share with strong volume. Look for volume on that move that's near or above its three-month average action of 57,377 shares. If we get that action, then look for INDB to make a run into the mid-30s.

I would simply avoid INDB or look for short biased trades if the stock fails to trigger that breakout, and then drops back below some near-term support at $27.19 with high-volume. Target a drop back towards its 200-day moving average of $25.66 a share or possibly lower if the bears hammer this stock down post-earnings.

5 of 6

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.
Submit an article to us!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • 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