3 Stocks Primed for a Short Squeeze

Let the bears' folly line your pockets in coming weeks

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3 Stocks Primed for a Short Squeeze

Salesforce.com (CRM)

112513CRM 300x219 3 Stocks Primed for a Short Squeeze
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Online relationship management leader Salesforce.com (CRM) got beat up by more than 10% at one point last week, despite beating EPS and revenue estimates.

Like GameStop, the large number of short positions that have been added to Salesforce.com suggests the market already was pricing such a decline into the share price, meaning CRM shares are likely to see buyers enter the mix.

Conveniently, CRM is trading just above support from its 50-day moving average. Expect a short squeeze to move Salesforce.com back toward its highs and even shoot toward $60 before year’s end.

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/3-short-squeeze-crm-gme-ilmn/.

©2014 InvestorPlace Media, LLC

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