Short Squeeze Candidate #3: Teco Energy (TE)
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.