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By Bert Wilkison

Below is a list of five stocks that, through various technical screens, have shown up as being potential strong short- to mid-term long holdings. A couple of them even look good enough to consider for long-term holds.

First Horizon National Corp. (NYSE:FHN)

First Horizon National is a bank holding company. It provides financial services primarily through its principal subsidiary, First Tennessee Bank National Association, and its subsidiaries. It has four segments: regional banking, capital markets, corporate, and non-strategic.

The stock currently trades at $9.01 with 257.47M shares out, giving it a market cap of 2.32B. Its forward P/E is 10.13. Insider and institutional ownership stands at about 80% and the total short interest as of 12/30/11 was 12.26M shares. The average analyst 12-month price target is $10, with the highest estimate being $13. It is also a dividend payer.

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Boyd Gaming Corp. (NYSE:BYD)

Boyd Gaming is a multi-jurisdictional gaming company. It is a diversified operator of 15 wholly owned gaming entertainment properties and one controlling interest in a limited liability company that operates Borgata Hotel Casino and Spa (Borgata) in Atlantic City, New Jersey.

The stock currently trades at $9.15 with 83.32M shares out, giving it a market cap of $789.81M. Its forward P/E is 33.89. Insider and institutional ownership stands at about 52% and the total short interest as of 12/30/11 was 12.12M shares. The average analyst 12-month price target is $7, with the highest estimate being $14. No dividend to mention.

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Huntington Bancshares, Inc. (NASDAQ:HBAN)

Huntington Bancshares is a bank holding company. It provides full-service commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.

The stock currently trades at $5.83 with 864.41M shares out, giving it a market cap of 5.04B. Its forward P/E is 9.09. Insider and institutional ownership stands at about 67% and the total short interest as of 12/30/11 was 11.38M shares. The average analyst 12-month price target is $6.25, with the highest estimate being $8. It is also a dividend payer.

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Delta Airlines, Inc. (NYSE:DAL)

Delta Air Lines provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company's route network gives it a presence in every domestic and international market.

The stock currently trades at $9.38 with 847.14M shares out, giving it a market cap of 7.95B. Its forward P/E is 4.17. Insider and institutional ownership stands at about 81% and the total short interest as of 12/30/11 was 10.91M shares. The average analyst 12-month price target is $14, with the highest estimate being $18. No dividend to mention.

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Magnum Hunter Resources Corp. (NYSE:MHR)

Magnum Hunter is an independent oil and gas company engaged in the acquisition, development and production of oil and natural gas, primarily in West Virginia, North Dakota, Texas and Louisiana. It is active in three shale resource plays in the United States: the Marcellus Shale, Eagle Ford Shale and Williston Basin/Bakken Shale.

The stock currently trades at $5.61 with 128.80M shares out, giving it a market cap of $722.55M. Its forward P/E is 62.33. Insider and institutional ownership stands at about 68% and the total short interest as of 12/30/11 was 30.79M shares. The average analyst 12-month price target is $7, with the highest estimate being $10.50. No dividend to mention.

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Though I own a couple of the above names, I will be looking for opportunities to add to those positions in the near future, and will be watching the rest closely for good entry points.

Source: 5 Stocks Under $10 With Strong Short-Term Potential