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 Stocks Set to Soar on Bullish Earnings

Flotek Industries

My first earnings short-squeeze play is oil well services and equipment player Flotek Industries (FTK - Get Report), which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect Flotek Industries to report revenue of $77.90 million on a loss of 17 cents per share.

If you're looking for a stock with a decent short interest that's been uptrending strong heading into its earnings report this week, then make sure to check out shares of Flotek Industries. This stock has been in play with the bulls so far in 2013, with shares up 17.7%.

The current short interest as a percentage of the float for Flotek Industries stands at 9.4%. That means that out of the 40.57 million shares in the tradable float, 4.42 million shares are sold short by the bears. If the bulls get the earnings news they're looking for, then shares of FTK could explode higher post-earnings.

From a technical perspective, FTK 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 moving higher from its low of $9.23 to its recent high of $14.90 a share. During that uptrend, shares of FTK have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of FTK within range of triggering a near-term breakout trade post-earnings.

If you're bullish on FTK, 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 at $14.90 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 425,821 shares. If that breakout hits, then FTK will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $17 to $20 a share.

I would avoid FTK or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below its 50-day moving average at $13.43 a share with high volume. If we get that move, then FTK will set up to re-test or possibly take out its next major support levels at $12.90 to $12.50 a share. Any move below $12.50 will then put its 200-day moving average at $11.63 into range for shares of FTK.
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
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
DOLE $0.00 0.00%
HEK $0.00 0.00%
AMED $51.49 -1.25%
DMND $37.56 0.97%
FTK $9.45 0.64%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs