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 Stocks Set to Soar on Bullish Earnings

Jamba

My first earnings short-squeeze play today is retailer of juices, smoothies and health foods Jamba (JMBA - Get Report), which is set to release numbers on Tuesday after the market close. Wall Street analysts, on average, expect Jamba to report revenue of $46.03 million on a loss of 11 cents per share.

If you're looking for a stock with a decent short interest that's been uptrending strong in front of its earnings report this week, then make sure to check out shares of Jamba. This stock has been on fire so far in 2013, with shares up 23.6%.

The current short interest as a percentage of the float for Jamba is notable at 6.3%. That means that out of the 76.68 million shares in the tradable float, 4.39 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 17.9%, or by about 668,000 shares. If the sellers are caught leaning too hard into a strong quarter, then shares of JMBA could rip higher post-earnings.

From a technical perspective, JMBA is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $1.81 to its recent high of $2.90 a share. During that uptrend, shares of JMBA have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of JMBA within range of triggering a near-term breakout trade.

If you're bullish on JMBA, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $2.82 to $2.94 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 871,238 million shares. If that breakout hits, then JMBA will set up to enter new 52-week high territory above $2.94 a share, which is bullish technical price action. Some possible upside targets off that breakout are $3.50 to $4 a share.
2 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

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
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
AEGR $18.62 -1.10%
JMBA $15.20 -0.72%
HOV $2.60 0.19%
QUAD $17.86 -1.10%
PETM $82.98 0.04%

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