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
TheStreet Open House

5 Hated Earnings Stocks That Deserve Your Love

I would simply avoid FIO or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below its 50-day at $16.14 and then below some more near-term support at $15.50 a share with high volume. If we get that move, then FIO will set up to re-test or possibly take out its next major support levels at $14.31 to $13.98 a share. Any move below $13.98 would then push FIO into new 52-week low territory, which is bearish technical price action.

Angie's List

Another potential earnings short-squeeze play is member-generated ratings and reviews solutions provider Angie's List ( ANGI), which is set to release its numbers on Wednesday after the market close. Wall Street analysts, on average, expect Angie's List to report revenue of $51.54 million on a loss of 17 cents per share.

Earlier today, Needham said it expects Angie's List first-quarter results to meet or top its estimates. The firm reiterates its buy rating on the stock and raised its price target ahead of the numbers to $24 from $20.

>>5 Rocket Stocks to Buy as Stocks Bounce

The current short interest as a percentage of the float for Angie's List is very high at 19.8%. That means that out of the 52.05 million shares in the tradable float, 7.68 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 1.4%, or by about 102,000 shares. If the bears get caught pressing their bets into a strong quarter, then shares of ANGI could explode higher post-earnings.

From a technical perspective, ANGI is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been trending sideways for the last two months, with shares moving between $18.15 on the downside and $21.16 on the upside. A high-volume move above the upper end of its recent sideways chart pattern could trigger a big breakout trade for shares of ANGI post-earnings.

If you're in the bull camp on ANGI, 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 $21 to $21.16 a share with high volume. Look for volume on that move that hits near or above its three-month average volume of 799,239 shares. If that breakout hits, then ANGI will set up to enter new 52-week-high and all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $25 to $27 a share.

3 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs