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 Ready to Pop on Bullish Earnings

Green Plains Renewable Energy

Another potential earnings short-squeeze play is ethanol producer and distributor Green Plains Renewable Energy (GPRE - Get Report), which is set to release its numbers on Wednesday before the market open. Wall Street analysts, on average, expect Green Plains Renewable Energy to report revenue $775.76 million on earnings of 77 cents per share.

>>5 Toxic Stocks to Sell Now

The current short interest as a percentage of the float for Green Plains Renewable Energy is extremely high at 24.3%. That means that out of the 23.98 million shares in the tradable float, 5.78 million shares are sold short by the bears. This stock has a large short interest and a very low tradable float. Any bullish earnings news could easily kick off a monster short-squeeze post-earnings that forces the bears to cover some of their positions.

Must Read: 3 Stocks Spiking on Unusual Volume

From a technical perspective, GPRE is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong over the last six months, with shares moving higher from its low of $13.73 to its recent high of $32.60 a share. During that uptrend, shares of GPRE have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of GPRE are now starting to trend within range of triggering a big breakout trade post-earnings.

If you're in the bull camp on GPRE, 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 $30.96 a share to its 52-week high at $32.60 a share with high volume. Look for volume on that move that hits near or above its three-month average volume of 1.08 million shares. If that breakout triggers, then GPRE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $45 a share.

I would simply avoid GPRE 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 of $28.17 a share to more near-term support at $26 a share with high volume. If we get that move, then GPRE will set up to re-test or possibly take out its next major support levels at $22 to its 200-day moving average at $20.10 a share.

3 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
DDD $8.95 0.00%
GPRE $17.44 0.00%
SGI $4.97 0.00%
TWTR $15.72 0.00%
UPL $1.74 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs