Short Squeeze Target #1: Teradyne (TER)
Click to Enlarge Technology stocks have been taking a leadership role in the latest bull market rally as traders warm up to the prospects of the return of capex and consumer spending.
Companies like Intel (INTC), Microsoft (MSFT) and Google (GOOG) have taken the lead. But improvement in these companies will trickle down to others, like semiconductor equipment and materials supplier Teradyne (TER).
Recent short interest on TER stock climbed more than 50% despite the fact that the company is trading near its highest prices since 2011. A break above $20 will shake these short bets out of their trades, adding short squeeze buying power to an already strong stock.