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The following is a list of stocks that are approaching an inflection point, based on moving average trends. For this article, we define an inflection point as the convergence between the 50-day and 200-day moving averages.

When these two moving averages cross, it often represents a shift in investor sentiment. If the 50-day MA moves above the 200-day MA (bullish), it's called a "Golden Cross" signal. If, on the other hand, the 50-day MA crosses below the 200-day MA (bearish), it's called the "Death Cross".

To compile this list, we started with a universe of stocks that have seen the SMA50 move above the SMA200. We then narrowed down the list by only focusing on those stocks that have seen a sharp increase in shares shorted over the past three months.

Moving average data sourced from Finviz, short trends data sourced from AOL Money. (Note: All short trends described occurred between 7/15 - 10/15)



The list has been sorted by change in shares shorted.

1. CGI Group, Inc. (NYSE:GIB): Internet Software & Services Industry. Market cap of $4.3B. SMA50 at $15.00 vs. SMA200 at $14.90 (current price at $16.96). Shares shorted increased from 204K to 2.02M over the last three months. Short float at 0.83%, which implies a short ratio of 10.66 days. The stock has gained 26.19% over the last year.

2. Grupo Aeroportuario del Pacifico S.A.B. de CV (NYSE:PAC): Air Services Industry. Market cap of $2.11B. SMA50 at $34.01 vs. SMA200 at $32.99 (current price at $37.44). Shares shorted increased from 167K to 604K over the last three months. Short float at 1.27%, which implies a short ratio of 3.24 days. The stock has gained 48.73% over the last year.

3. Partner Communications Company Ltd. (NASDAQ:PTNR): Wireless Communications Industry. Market cap of $3.17B. SMA50 at $18.42 vs. SMA200 at $17.85 (current price at $20.48). Shares shorted increased from 38K to 127K over the last three months. Short float at 0.15%, which implies a short ratio of 0.69 days. The stock has gained 32.9% over the last year.

4. Provident Energy Trust (PVX): Independent Oil & Gas Industry. Market cap of $2.16B. SMA50 at $7.09 vs. SMA200 at $7.07 (current price at $8.12). Shares shorted increased from 459K to 1.3M over the last three months. Short float at 0.49%, which implies a short ratio of 0.94 days. The stock has gained 34.11% over the last year.

5. China MediaExpress Holdings, Inc. (OTCPK:CCME): Diversified Investments Industry. Market cap of $403.75M. SMA50 at $11.91 vs. SMA200 at $11.72 (current price at $20.81). Shares shorted increased from 1.71M to 4.39M over the last three months. Short float at 24.43%, which implies a short ratio of 4.76 days. The stock has gained 97.67% over the last year.

6. Weyerhaeuser Co. (NYSE:WY): Lumber Industry. Market cap of $9.54B. SMA50 at $15.98 vs. SMA200 at $15.89 (current price at $17.94). Shares shorted increased from 7.36M to 17.8M over the last three months. Short float at 3.36%, which implies a short ratio of 3.56 days. The stock has gained 29.08% over the last year.

7. Polycom, Inc. (NASDAQ:PLCM): Processing Systems & Products Industry. Market cap of $3.B. SMA50 at $29.44 vs. SMA200 at $29.31 (current price at $35.0). Shares shorted increased from 4.68M to 9.93M over the last three months. Short float at 11.7%, which implies a short ratio of 5.82 days. The stock has gained 55.22% over the last year.

8. Northern Dynasty Minerals Ltd. (NYSEMKT:NAK): Gold Industry. Market cap of $921.61M. SMA50 at $8.40 vs. SMA200 at $8.17 (current price at $10.04). Shares shorted increased from 179K to 349K over the last three months. Short float at 0.59%, which implies a short ratio of 1.66 days. The stock has gained 39.09% over the last year.

9. Northrop Grumman Corporation (NYSE:NOC): Aerospace/Defense Products & Services Industry. Market cap of $19.08B. SMA50 at $60.48 vs. SMA200 at $60.27 (current price at $65.29). Shares shorted increased from 5.35M to 9.29M over the last three months. Short float at 3.19%, which implies a short ratio of 4.55 days. The stock has gained 28.7% over the last year.

10. Alpha Natural Resources, Inc. (NYSE:ANR): Industrial Metals & Minerals Industry. Market cap of $5.81B. SMA50 at $42.72 vs. SMA200 at $42.6 (current price at $48.85). Shares shorted increased from 3.37M to 5.52M over the last three months. Short float at 4.61%, which implies a short ratio of 2.35 days. The stock has gained 27.47% over the last year.

11. KIT digital, Inc. (OTC:KITD): Entertainment Industry. Market cap of $324.52M. SMA50 at $11.80 vs. SMA200 at $11.1 (current price at $14.2). Shares shorted increased from 3.26M to 5.31M over the last three months. Short float at 28.82%, which implies a short ratio of 18.9 days. The stock has gained 41.97% over the last year.

12. National Fuel Gas Co. (NYSE:NFG): Gas Utilities Industry. Market cap of $4.74B. SMA50 at $51.03 vs. SMA200 at $49.28 (current price at $60.74). Shares shorted increased from 1.77M to 2.84M over the last three months. Short float at 3.53%, which implies a short ratio of 5.29 days. The stock has gained 27.21% over the last year.

13. RPM International Inc. (NYSE:RPM): General Building Materials Industry. Market cap of $2.73B. SMA50 at $19.65 vs. SMA200 at $19.24 (current price at $21.41). Shares shorted increased from 2.22M to 3.54M over the last three months. Short float at 2.79%, which implies a short ratio of 4.78 days. The stock has gained 20.18% over the last year.

14. News Corp. (NASDAQ:NWSA): Entertainment Industry. Market cap of $37.61B. SMA50 at $13.80 vs. SMA200 at $13.63 (current price at $14.35). Shares shorted increased from 22.27M to 35.3M over the last three months. Short float at 1.58%, which implies a short ratio of 2.08 days. The stock has gained 20.12% over the last year.

15. Agilent Technologies Inc. (NYSE:A): Scientific & Technical Instruments Industry. Market cap of $12.53B. SMA50 at $32.43 vs. SMA200 at $31.67 (current price at $36.0). Shares shorted increased from 3.53M to 5.5M over the last three months. Short float at 1.59%, which implies a short ratio of 1.72 days. The stock has gained 38.25% over the last year.

16. North American Palladium Ltd. (NYSEMKT:PAL): Industrial Metals & Minerals Industry. Market cap of $836.04M. SMA50 at $4.19 vs. SMA200 at $3.88 (current price at $5.86). Shares shorted increased from 2M to 3.08M over the last three months. Short float at 2.81%, which implies a short ratio of 1.78 days. The stock has gained 119.77% over the last year.

17. United Therapeutics Corp. (NASDAQ:UTHR): Drug Manufacturers Industry. Market cap of $3.37B. SMA50 at $54.46 vs. SMA200 at $53.98 (current price at $59.48). Shares shorted increased from 3.42M to 5.01M over the last three months. Short float at 8.91%, which implies a short ratio of 7.29 days. The stock has gained 37.63% over the last year.

18. Equity One Inc. (NYSE:EQY): REIT. Market cap of $1.73B. SMA50 at $17.46 vs. SMA200 at $17.2 (current price at $18.61). Shares shorted increased from 4.26M to 6.23M over the last three months. Short float at 15.02%, which implies a short ratio of 13.85 days. The stock has gained 30.64% over the last year.

19. STEC, Inc. (NASDAQ:STEC): Data Storage Devices Industry. Market cap of $903.98M. SMA50 at $13.65 vs. SMA200 at $13.31 (current price at $18.0). Shares shorted increased from 6.06M to 8.63M over the last three months. Short float at 21.26%, which implies a short ratio of 3.9 days. The stock has gained 35.26% over the last year.

20. The Home Depot, Inc. (NYSE:HD): Home Improvement Stores Industry. Market cap of $52.44B. SMA50 at $30.77 vs. SMA200 at $30.74 (current price at $31.27). Shares shorted increased from 29.09M to 40.19M over the last three months. Short float at 2.42%, which implies a short ratio of 3.41 days. The stock has gained 24.56% over the last year.

Disclosure: No positions

Source: 20 Breakout Stocks Being Targeted by Short Sellers