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Do you like investing with a stock's momentum? For ideas on how to start your search, we ran a screen on outperforming names.

We began by screening the S&P 500 index for stocks with upward momentum, trading above their 20-day, 50-day, and 200-day moving averages.

We then screened these names for those with bullish trends in shares shorted, with significant decreases in shares shorted month-over-month.

We highlighted this list because the S&P largely indexes the most watched stocks on the market, so it is arguably the most voted on share price as far as trading volume goes. Rallying share price and short covering signals that a very significant pool of investors are optimistic about these names. We feel Main Street investors would be wise to add these stocks to their watchlist for continued upside.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

Do you think these stocks will outperform like short sellers expect? Use this list as a starting point for your own analysis.

1. AutoNation Inc. (AN): Operates as an automotive retailer in the United States. Market cap at $4.94B, most recent closing price at $41.47. Shares shorted have decreased from 4.22M to 2.72M over the last month, a decrease which represents about 3.% of the company's float of 49.98M shares. Days to cover ratio at 3.31 days. The stock is trading 7.45% above its 20-day moving average, 2.73% above its 50-day MA, and 8.18% above its 200-day MA.

2. Abercrombie & Fitch Co. (ANF): Operates as a specialty retailer of casual apparel for men, women, and kids. Market cap at $3.75B, most recent closing price at $47.44. Shares shorted have decreased from 10.64M to 8.59M over the last month, a decrease which represents about 2.8% of the company's float of 73.19M shares. Days to cover ratio at 2.65 days. The stock is trading 1% above its 20-day moving average, 15% above its 50-day MA, and 22% above its 200-day MA.

3. Comerica Incorporated (CMA): Provides various financial products and services in Texas, Arizona, California, Florida, and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Market cap at $6.04B, most recent closing price at $31.79. Shares shorted have decreased from 9.84M to 7.79M over the last month, a decrease which represents about 1.09% of the company's float of 188.87M shares. Days to cover ratio at 3.28 days. The stock is trading 9.33% above its 20-day moving average, 11% above its 50-day MA, and 7.6% above its 200-day MA.

4. Eaton Corporation (ETN): Operates as a power management company worldwide. Market cap at $26.23B, most recent closing price at $56.62. Shares shorted have decreased from 44.79M to 9.06M over the last month, a decrease which represents about 10.77% of the company's float of 331.68M shares. Days to cover ratio at 2.28 days. The stock is trading 6.46% above its 20-day moving average, 11.61% above its 50-day MA, and 24.4% above its 200-day MA.

5. First Horizon National Corporation (FHN): Operates as the holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally. Market cap at $2.49B, most recent closing price at $10.13. Shares shorted have decreased from 23.38M to 19.17M over the last month, a decrease which represents about 1.73% of the company's float of 243.21M shares. Days to cover ratio at 5.11 days. The stock is trading 7.22% above its 20-day moving average, 9.87% above its 50-day MA, and 14.41% above its 200-day MA.

6. First Solar, Inc. (FSLR): Manufactures and sells solar modules using a thin-film semiconductor technology. Market cap at $2.99B, most recent closing price at $33.75. Shares shorted have decreased from 25.87M to 24.64M over the last month, a decrease which represents about 2.04% of the company's float of 60.22M shares. Days to cover ratio at 5.04 days. The stock is trading 7.27% above its 20-day moving average, 22.85% above its 50-day MA, and 59.79% above its 200-day MA.

7. H&R Block, Inc. (HRB): Provides tax preparation, retail banking, and various business advisory and consulting services. Market cap at $5.19B, most recent closing price at $19.17. Shares shorted have decreased from 12.30M to 9.34M over the last month, a decrease which represents about 1.2% of the company's float of 247.07M shares. Days to cover ratio at 3.28 days. The stock is trading 3.41% above its 20-day moving average, 6.62% above its 50-day MA, and 17.85% above its 200-day MA.

8. Lennar Corp. (LEN): Operates as a home builder and provider of financial services in the United States. Market cap at $7.62B, most recent closing price at $39.91. Shares shorted have decreased from 37.60M to 34.81M over the last month, a decrease which represents about 1.7% of the company's float of 163.92M shares. Days to cover ratio at 7.04 days. The stock is trading 5.76% above its 20-day moving average, 6.3% above its 50-day MA, and 25.8% above its 200-day MA.

Source: 8 Rallying S&P 500 Stocks With Bullish Short Trends