3 Stocks Set Up for a Short Squeeze in September

These energy, railroad and food stocks are primed to perform

      View All  

CSX

csx chart 300x187 3 Stocks Set Up for a Short Squeeze in September
Click to Enlarge
While not posting an extremely high short interest ratio, the 22% surge in short positions on CSX Corp. (CSX) makes it an attractive buy.  Activity on the railroad companies has been on the increase as signs of economic improvement begin to take hold.

This is important to the rail stocks as the amount of items shipped via rail always increases as the economy improves. CSX shares are trading above their 50-day, which is also trending higher, making it a technically attractive stock.  The shares recently ran into resistance at the $26 level, which goes back to chart resistance from the June 2011 top. A break above this level ($26) will turn this stock into a, forgive us, runaway train headed to new all-time highs.


Article printed from InvestorPlace Media, http://investorplace.com/2013/08/short-squeeze-stocks-csx-chk-tsn/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.