Watch Silicon Image (SIMG)

Analyst expecting a good earnings statement on August 2nd. This kind of a headline can cause what we call a "pre earnings run". Traders and other big money buy up the stock and the price ramps up into the earnings day. Then sells off on the news.

I'm watching for SIMG to clear the line on the chart to buy. If this trade 'confirms' and becomes a buy then it will be a quick swing trade as the intention will be to cash out before the earnings are actually released. SIMG has an 8% short interest.

Live chart

Static chart shown here.