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

Oneok

092713OKE 300x184 3 Stocks Just Itching for a Short Squeeze
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Natural gas and related companies have been on a tear again, including ONEOK (OKE). In July, OKE shares jumped more than 20% on a positive earnings report. Since then, the shares have been trading in a range between $50 and $54.

However, short interest has gone through the roof ahead of the next earnings report, scheduled for Nov. 5.

OKE shares recently rallied from support at their 20-day moving average — a sign that technical traders might be buying the stock. A break above $54 is likely to trigger a short squeeze.

We like Oneok stock to challenge the $60 level in the fourth quarter.


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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