I would simply avoid EXPE or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below its 50-day at $63.44 a share and then below some more key near-term support at $62 a share with high volume. If we get that move, then EXPE will set up to re-test or possibly take out its next major support levels at $60.16 to $59.50 a share. Any high-volume move below those levels will then put its 200-day at $58.25 into range for shares of EXPE.
To see more potential earnings short squeeze plays, check out the
Earnings Short Squeeze Plays
portfolio on Stockpickr.
-- Written by Roberto Pedone in Madison, Wis.
>>Fight Your Urge to Fight the Fed
>>5 Stocks With Big Insider Buying
>>5 Stocks Rising on Unusual Volume
Follow Stockpickr on
and become a fan on
At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Madison, Wis., 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
. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.