4 Stocks Set to Soar on Bullish Earnings
I would simply avoid ISCA or look for short-biased trades if after earnings it fails to trigger that breakout and then drops below its 50-day at $24.93 and it 200-day at $24.84 a share with high-volume. If we get that move, then ISCA could easily drop towards $24 to $23 a share or possibly much lower if the bears hammer this stock down post-earnings. Xyratex
Another potential earnings short-squeeze play is technology player Xyratex(XRTX) , which is set to release its numbers on Thursday after the market close. This company is a provider of data storage technology, including modular solutions for the enterprise data storage industry and hard disk drive capital equipment for the HDD industry. Wall Street analysts, on average, expect Xyratex to report revenues of $327.03 million on earnings of 29 cents per share.
Last Tuesday, Cantor Fitzgerald started coverage on this stock with a hold rating and a price target of $12 a share. This stock has been beaten down hard heading into its quarterly report, since shares have dropped over 28% in the last three months.