3 Stocks to Buy on Short Squeeze Hopes

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

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3 Stocks to Buy on Short Squeeze Hopes

Stocks to Buy – Transocean (RIG)

061814 rig stock 300x184 3 Stocks to Buy on Short Squeeze Hopes
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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, http://investorplace.com/2014/06/stocks-to-buy-short-squeeze/.

©2015 InvestorPlace Media, LLC

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