If you're looking for stocks that are setting up in a base ahead of earnings, here's one that fits the bill: Marriott Vacations World ( VAC ). It's expected to report on Oct. 11 and is trading right around a 128.35 entry.
The current formation is a first-stage cup without handle .
[ibd-display-video id=2102289 width=50 float=left autostart=true] Keep in mind that it's risky to buy any stock just before it reports. You can minimize your exposure by waiting to see the actual numbers and the market's reaction. You can also use an options strategy to limit your potential downside.
Earnings grew 48% last quarter, up from 40% in the prior report. Revenue also increased, from 16% to 18%.
Consensus analyst estimates call for earnings-per-share growth of 18% for the quarter, and 15% growth for the full year. Annual growth estimates were recently revised lower.
Marriott Vacations World has a 99 Composite Rating and holds the No. 1 rank among its peers in the Leisure-Services industry group. Vail Resorts ( MTN ) and Planet Fitness ( PLNT ) are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.