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5 Heavily-Shorted Stocks Set to Report

I would simply avoid CERE if after its report it fails to trigger that breakout, and then drops back below some key near-term support levels at $4.07 to $4 a share with heavy volume. If we get that action, then CERE will set up to re-test or possibly take out its next major support levels at $3.73 to $3.61 a share. Any move below $3.43 would then push CERE into new 52-week low territory, which is bearish technical price action.

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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SYM TRADE IT LAST %CHG
CERE $1.75 -2.68%
PSMT $79.52 -1.50%
SNX $77.14 -0.06%
SVU $8.84 2.30%
XRTX $13.24 0.08%

Markets

DOW 17,804.42 -123.78 -0.69%
S&P 500 2,079.63 -9.83 -0.47%
NASDAQ 4,915.6960 -23.6310 -0.48%

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