Earnings Plays to Watch

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Here are three stocks on the move, two ahead of earnings and one following a better-than-expected release.

Digital Turbine, Inc. (APPS) climbed 19 cents to $6.98 on 1.6 million shares Wednesday.  The move comes ahead of the expected November 4 earnings release by the company, whose software platform connects mobile operators and OEMs with mobile advertisers.  The stock, which earlier this week broke out of a nearly 2-month declining wedge, tested lateral resistance intraday before backing off.  A move through that $7.30-.35 resistance level could take it to our next target of $9.25.

InMode Ltd. (INMD) jumped 99 cents to $30.81 on 1.2 million shares Wednesday.  The move, which comes ahead of the expected November 5 quarterly report by the maker of aesthetic medical products, continued the stock’s 3-day advance, which has taken it to a new high since its August IPO.  The stock is right up against the top of its rising 1-month channel, while the larger up-channel points to a target of around $40.

Winnebago Industries, Inc. (WGO), which we highlighted in last week’s article when the stock was just above $40, popped $6.50, or 15%, to $49.24 on 2.6 million shares Wednesday.  The move, on more than 5x its average volume, followed the company’s release of better-than-expected earnings and revenue.  The stock is now above a key resistance level from its June 2018 high, and the rising channel off its December 2018 low points to $52 next.  A move through there could be followed by a retest of the all-time high near $57. 

See Harry’s video chart analysis on these and 16 other top charts.

Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations. 

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