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3 Stocks About to Be Launched by a Short Squeeze

Are the short sellers getting it right? Nah!

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Short Squeeze Candidate #1: Allstate (ALL)

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Insurance giant Allstate (ALL) saw a whopping 173% increase in short interest over the last two-week reporting period.

The increase in bearish bets comes despite the fact that ALL stock is trading well above its 50-day moving average. (Keep in mind that only about 30% of the companies in the S&P 500 are trading above their respective 50-day.)

Watch for support at the $54.50 to serve as an entry price for a long position likely to pay when the short squeeze hits.

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