5 Hated Earnings Stocks That Deserve Your Love
I would simply avoid ANGI 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 levels at $19.67 a share to its 50-day at $18.55 a share with high volume. If we get that move, then ANGI will set up to re-test or possibly take out its next major support levels $18.15 to $16 a share. Any high-volume move below $16 will then give ANGI a chance to re-fill its previous gap up zone from February that started just below $14 a share.
Another potential earnings short-squeeze candidate is automated retail solutions provider Coinstar ( CSTR), which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Coinstar to report revenue of $579.41 million on earnings of 86 cents per share.
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