$QCOR Let’s squeeze some shorts (25.38%)

$QCOR – QCOR has been hot as of late, posting 4.63% gains on a typical low volume friday. Earnings are coming on 30 Jul 13 and we at Flood City Trades think that $QCOR could put up a $TSLA-like run post earnings. Of note, Q1 was a miss for QCOR, with beats the prior 5 Q’s.  Fundamentals continue to look strong and with Jun upgrade to outperform / bearish estimate based on Q1 miss, QCOR may be due for a large beat here.  See chart with notes/staging/TA below and fundamentals.

Disclosure:  No position in $QCOR at this time. We are eyeing Aug17 ATM or slightly OTM calls for an earnings play, trigger is above 50.63 with continuation of volume.

QCOR

QCOR Fund

Follow us on Twitter!

@NathanAlanLey

@oNootch

@Brandon_Rudolph

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s