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5 Heavy Shorts To Consider

From a technical perspective, EXPR is currently trending above its 50-day moving average and well below its 200-day moving average, which is neutral trendwise. This stock has been trending sideways for the last two months, with shares moving between $10.47 on the downside and $12.79 on the upside. That sideways pattern followed a big gap down in price in October from $15 to $11.50 a share with high volume. Shares of EXPR are now starting to move into that gap and move back above its 50-day moving average of $12.55 a share.

If you're in the bull camp on EXPR, then I would wait until after its report and look for long-biased trades in this stock as long as its trending above its 50-day at $12.55 and above its recent high of $12.79 a share with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 1,907,710 shares as bullish. If EXPR can maintain that trend, then this stock will set up to re-fill some of that previous gap back towards $15 a share or higher.

I would simply avoid EXPR or look for short-biased trades if after earnings it fails to hold its trend into the gap, and then moves back below some key near-term support levels at $11.50 to $10.47 a share with heavy volume. If we get that action, then EXPR will set up to enter new 52-week low territory, which is bearish technical price action. Some possible downside targets are $9 to $8 a share.

To see more potential earnings short squeeze plays, check out the Earnings Short Squeeze Plays portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
CNBC.com and Forbes.com . You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
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