Salesforce (CRM) reports Street-beating Q2 >>> READ MORE

3 Stocks to Buy on Short Squeeze Hopes

The setup is just right for a boom -- increasing short interest despite a pretty technical picture

    View All  

Stocks to Buy – Transocean (RIG)

short squeeze stocks to buy RIG stock
Click to Enlarge
Shares of Transocean (RIG) have been on the technical mend after spending much of the second quarter bottoming at the $40 level. Short interest on RIG shares has grown to nearly 13 times their average daily volume, an extreme reading that has not been seen in the past two years.

RIG stock is a high dividend yielder that has significant upside potential given the technical reversal.

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC