This Day On The Street
Continue to site right-arrow
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

Titan Machinery

My first earnings short-squeeze trade idea is Titan Machinery (TITN - Get Report), which owns and operates a network of full-service agricultural and construction equipment stores in the U.S. and Europe. Titan is set to release numbers on Wednesday before the market open. Wall Street analysts, on average, expect it to report revenue of $725.07 million on earnings of 20 cents per share.

>>3 Huge Stocks on Traders' Radars

The current short interest as a percentage of the float for Titan Machinery is extremely high at 34.6%. That means that out of the 16.98 million shares in the tradable float, 5.89 million shares are sold short by the bears. This is a monster short interest on a stock with a very low tradable float. Any bullish earnings news could set this stock off on a massive squeeze higher post-earnings.

From a technical perspective, TITN is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending for the last three months, with shares sliding lower from its high of $18.24 to its recent low of $14.57 a share. During that downtrend, shares of TITN have been consistently making lower highs and lower lows, which is bearish technical price action.

If you're bullish on TITN, 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 $15.50 to its 50-day moving average of $15.91 a share with high volume. Look for volume on that move that hits near or above its three-month average volume of 203,163 shares. If that breakout hits, then TITN will set up to re-test or possibly take out its next major overhead resistance levels at $17 to its 200-day moving average of $17.19 a share. Any high-volume move above those levels will then give TITN a chance to tag or take out $18 to $20 a share.

I would simply avoid TITN 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 $14.57 to its 52-weeek low at $14.19 a share high volume. If we get that move, then TITN will set up to enter new 52-week-low territory, which is bearish technical price action.

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
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!
FAST $41.24 -0.47%
FDO $79.27 0.04%
NQ $3.83 2.68%
SAIC $52.26 1.77%
TITN $12.98 -2.77%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs