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Buy These 3 Stocks, Then Let the Short Squeeze Do the Rest

Technical strength will scorch the bears in CHK, DLTR and GRMN

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Garmin (GRMN)

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This blast from the past is making tracks again as Garmin shares have surged almost 30% during the past three months. Sure, smartphones might have taken some market share from the GPS leader, but innovation and continued demand for specialized products like marine and other sporting goods items have put GRMN back on the map (pun absolutely intended).

Short sellers have spent the past month covering some of their positions, but the stock’s short interest ratio remains high at more than eight times Garmin’s average daily volume.

There’s some consolidation going on just below the $27 price, which appears to be offering an opportunity to enter GRMN before a break above that price forces another short squeeze that will move the stock higher.

Article printed from InvestorPlace Media,

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