3 Stocks Just Itching for a Short Squeeze

Their technicals are great, but short interest is high ... and something will have to give

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3 Stocks Just Itching for a Short Squeeze

UPS

092713UPS 300x184 3 Stocks Just Itching for a Short Squeeze
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Transportation stocks have been gaining ground on the broader market again as we head into the seasonally strong fourth quarter. UPS (UPS) has been among the relative leading companies within the sector, doubling the performance of the iShares Transportation Average ETF (IYT) by double.

Despite the fact that UPS is driving higher, short interest has been piling up since July. Watch for a break above the $92 level to start shaking the shorts out of their positions.

As a kicker, only 48% of the current analyst recommendations rank the stock a “buy,” meaning that we also could see upgrades help move UPS higher.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/short-interest-short-squeeze-oke-hog-ups/.

©2014 InvestorPlace Media, LLC

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