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3 stocks ready to break out on earnings

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

With the heaviest week of the earnings season upon us, a technical analyst shares his strategy for finding stocks whose charts are signaling higher-than-expected results are likely in the cards.

These candidates are getting harder to find as analysts' S&P 500 earnings estimates for the first quarter call for a 2 percent decline, according to Thomson Reuters, marking the first drop since 2009.

But while estimates paint a bleak outlook for the market, Dan Fitzpatrick, founder of StockMarketMentor.com, identified three stocks that could be poised to beat expectations and soar, based on his chart analysis.