3 Stocks About to Be Launched by a Short Squeeze
Are the short sellers getting it right? Nah!
Short Squeeze Candidate #2: PetSmart (PETM)
Click to Enlarge PetSmart (PETM) has been undergoing a technical turnaround as shares have started an intermediate transition from a bearish to bullish trend.
PETM stock is flashing signs of support at the 50-day moving average, now trending higher at the 66.90 mark. The rising 50-day should start pressuring a short squeeze, helping PETM stock drive toward a four- to six-month target of $70.
Article printed from InvestorPlace Media, http://investorplace.com/2014/04/3-short-squeeze-short-interest/.
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