This Day On The Street
Continue to site
ADVERTISEMENT
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 Hated Stocks Poised to Pop on Earnings

Apogee Enterprises

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

Get Adobe Flash player

One potential earnings short-squeeze trade in the industrial goods complex is Apogee Enterprises (APOG - Get Report), which is set to release numbers on Tuesday after the market close. This company is involved in the design and development of value-added glass products, services and systems. Wall Street analysts, on average, expect Apogee Enterprises to report revenue of $160.74 million on earnings of 3 cents per share.

The current short interest as a percentage of the float for Apogee Enterprises stands at 4.3%. That means that out of the 28.08 million shares in the tradable float, 1.19 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 30.4%, or by about 276,000 shares. If the bears are caught learning too hard into this quarter, then we could easily see a large short-squeeze develop for shares of Apogee Enterprises.

>>2 Turnaround Stocks to Consider

From a technical perspective, APOG is currently trading above both its 50-day and 200-day moving averages, which is bullish. From April to mid-May, this stock uptrended strong from $12.10 to a high of $16.34 a share. During that move, shares of APOG made higher lows and higher highs, which is bullish technical price action. After that run, shares of APOG have now started to trend sideways between $14.14 and $15.35 a share. A move outside of that range post-earnings should set this stock up for its next major trend.

If you're bullish on APOG, then I would wait until after they report and look for long-biased trades if this stock can manage to trigger a break out above some near-term overhead resistance at $15.35 a share with high volume. Look for volume on that move that hits near or above its three-month average volume of 150,488 shares. If we get that action, then APOG could take out its 52-week high of $16.44 a share.

I would avoid APOG or look for short-biased trades if after earnings this stock fails to trigger that breakout, and then drops below its 50-day moving average of $14.72 and below some major support at $14.14 a share with high volume. If we get that move, then target a drop in APOG towards $13 to $12 a share if the bears slam this stock lower 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
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
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
SYM TRADE IT LAST %CHG
APOG $51.63 0.00%
BBBY $69.05 0.00%
CLC $62.26 0.00%
MU $19.07 0.00%
SONC $27.79 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs