5 Stocks Set to Soar on Bullish Earnings
I would simply avoid OCZ or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below that near-term support at $5.41 a share with heavy volume. If we get that action, then OCZ could be at risk of dropping back below it next major support level at $4.14 a share if the bears spark a major selloff post-earnings. Ubiquiti Networks
An earnings short-squeeze candidate in the communications equipment complex is Ubiquiti Networks(UBNT) , which is set to report results on Tuesday after the market close. This company designs, manufactures and sells broadband wireless solutions worldwide. Wall Street analysts, on average, expect Ubiquiti Networks to report revenues of $90.49 million on earnings of 27 cents per share.
If you're looking for a heavily-shorted technology stock that's trading very close to its 52-week and all-time high heading into its earnings report, then make sure to check out shares of Ubiquiti Networks. This stock has been a monster performer so far in 2012, with shares up over 77% so far.