Two Stocks Set to Move on Earnings
More earnings down the pike this afternoon, but I focused my charts on two names: SodaStream International (SODA) and Joy Global (JOY). The big indices keep grinding along here, so unless you are swinging the S&P 500 for a few ticks here or there, the big moves are in stocks rather than indices.
SodaStream is probably poised for the biggest move. It tends to happen when your short interest spikes over 50%. This one was crushed in August, but the chart setup is much stronger this report. Tack on a fundamental picture that isn't so far-reaching, and you have a setup that could absolutely bury shorts here. That doesn't mean going long is a slam dunk. There is a huge bearish contingent, so you have to assume the bears will do everything within their financial power to keep SodaStream down....244 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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