5 Stocks Set to Soar on Bullish Earnings

I would avoid GHL or look for short-biased trades if after earnings it fails to trigger that move above its 200-day, and then drops below some near-term support $36 a share with heavy volume. If we get that action, then GHL will likely re-test and possibly take out its 50-day moving average of $34.55, and some more near-term support levels at $33.61 to $33.29 a share. Athenahealth

One potential earnings short-squeeze trade in the computer services complex is Athenahealth (ATHN) , which is set to release numbers on Thursday after the market close. This company provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the U.S. Wall Street analysts, on average, expect Athenahelath to report revenue of $103.79 million on earnings of 23 cents per share.

This company met Wall Street estimates last quarter after beating estimates in the prior two quarters. During the first quarter, Athenahealth reported a profit of 8 cents per share vs. Wall Street estimates of 8 cents per share. Revenue in the first quarter jumped 38.1% to $96.6 million from $69.9 million. This company is looking to register its fifth straight quarter of double-digit revenue growth. Athenahealth has averaged year-over-year revenue growth of 34.3% over the last four quarters.