This Day On The Street
Continue to site
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 Short-Squeeze Plays for Profit

I would simply avoid FRAN or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below some key near-term support at $24.95 a share with high volume. If we get that move, then FRAN will set up to re-test or possibly take out its next major support level at $23.76 a share. Any move below $23.76 will then put $22 to $20.93 into focus for shares of FRAN.

Bio-Reference Laboratories

Another potential earnings short-squeeze trade is Bio-Reference Laboratories (BRLI) which is set to release its numbers on Thursday before the market open. This company is engaged in offering testing, information and related services to physician offices, clinics, hospitals, employers and governmental units. Wall Street analysts, on average, expect Bio-Reference Laboratories to report revenue of $175.64 million on earnings of 46 cents per share.

During the last quarter, Bio-Reference Laboratories reported revenue of $172.3 million and GAAP sales were 16% higher than the prior-year quarter's $148 million. The company's GAAP EPS for the last quarter was 25% higher than the prior-year quarter's 36 cents per share.

The current short interest as a percentage of the float for Bio-Reference Laboratories is extremely high at 36.8%. That means that out of the 24.49 million shares in the tradable float, 9.01 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 7.5%, or by about 625,000 shares. If the bears are caught leaning too hard into this quarter, then shares of BRLI could explode higher post-earnings.

From a technical perspective, BRLI is currently trending above its 200-day moving average and just below its 50-day moving average, which is neutral trendwise. This stock has been downtrending for the last two months, with shares dropping from a high of $32.86 to a recent low of $23.66 a share. During that move, shares of BRLI were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of BRLI have started to rebound off that $23.66 low and move within range of triggering a near-term breakout trade post-earnings.
3 of 8

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

Check Out Our Best Services for Investors

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
LULU $57.96 -4.60%
TITN $8.26 0.36%
BRLI $34.61 -0.97%
FRAN $17.15 -0.75%
FNSR $13.29 -1.00%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs