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3 S&P 500 Short Squeeze Candidates

High short interest coupled with strong technical positions is a recipe for pain or profits, depending on your side

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Short Squeeze Target #2: Ball Corp. (BLL)

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Consumer packaging company Ball Corp. (BLL) also made our list this time around. BLL has been a mover, returning 4% year-to-date against a flat market.

The 35% jump in short interest comes at a perfect technical time, as BLL stock is bouncing from its 50-day moving average, currently sitting at $52.30. In addition, the recent pullback in shares registered a short-term technically oversold condition for Ball Corp., making BLL stock a short-term technical “buy” from our perspective.

Watch for this short-term move to shake the recent pack of bears out of their shorts, fueling a short squeeze rally.

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