3 Stocks About to Be Launched by a Short Squeeze

Are the short sellers getting it right? Nah!

    View All  
3 Stocks About to Be Launched by a Short Squeeze

Short Squeeze Candidate #3: Teco Energy (TE)

041514TE 300x180 3 Stocks About to Be Launched by a Short Squeeze
Click to Enlarge
Finally, Teco Energy (TE) — the southeastern utility company — has been transitioning into long-term bullish mode as the 50-, 100- and 200-day trendlines have reversed to move higher.

The underlying technicals should provide support for TE shares concentrated between the $16.75 and $17 range. This technical support should start pressuring the short sellers that have recently increased their positions.

Watch for a short squeeze to propel TE stock toward the $20 mark over the next few months.

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/2014/04/3-short-squeeze-short-interest/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.