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Chris Johnson
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Founder & CEO of Johnson Research Group LLC, an independent provider of market, ETF and stock and options research. Our company's unique brand of analysis, dubbed Behavioral Valuation, combines technical analysis with various sentiment indicators (some proprietary) to provide relative... More
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Johnson Research Group
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The Daily Stocks Blog
  • Short Squeeze Candidates 0 comments
    Jan 18, 2011 11:07 PM | about stocks: ZMH, JOE, FST, SOMX, ENTR, JNS, HST, FBP

    The latest short interest data is still fairly fresh from the presses, meaning that it’s time to look for another round of potential short squeeze candidates.  As always, our approach filters through our database of more than 7,000 stocks to find those companies that are firmly entrenched in a bullish technical pattern with rising short interest.  The list to the right displays ten companies that have seen an increase in short interest while remaining in a strong technical uptrend.

    Our interest (pun intended) in these stocks comes from the increased potential for a short covering rally based on the volatile combination of rising short interest on stocks that appear ready to continue their climb higher.  A continuation of the bullish technical trend often forces the shorts to start closing their bearish positions, acting as a catalyst to drive these stocks even higher.

    This week’s list of stocks includes a few names from groups that have held our interest lately, Host Hotels and Resorts (HST) is among the stocks on this list.  Our interest in this stock comes from the improving fundamental picture from within the travel sector as the improving economic conditions have resulted in a revival of the travel industry, both business and recreational.  The additional catalyst of a potential short interest squeeze adds to our positive outlook for this stock over the short-term.

    Today’s view of the latest short interest data is only the first of three that we will share with you over the next few days as we continue our search for stocks ready to outpace the market.

    Stocks: ZMH, JOE, FST, SOMX, ENTR, JNS, HST, FBP
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