Thursday, December 3, 2015

6 Hot Stocks Poised For A Short Squeeze: M, IBM, XOM, CLF, SQ, FIT

SunGard's Astec Analytics delivers intraday short-selling market data via securities lending analytics. In a report recently sent out to clients, the firm shared a "roundup of some of the hottest stocks from a securities lending perspective."
This week’s Astec Analytics' top pick from a securities lending perspective was Macy's, Inc. M
Other stocks that that saw plenty of short-selling activity included the following:
  • International Business Machines Corp. IBM
  • Exxon Mobil Corporation XOM
  • Cliffs Natural Resources Inc CLF
  • Square Inc SQ
  • Fitbit Inc FIT
Here's a look at Karl Loomes' list of top stocks in the Americas from a security lending perspective.

SolarCity Corp (NASDAQ:SCTY)

SolarCity Corp (NASDAQ:SCTY) As you can see on the daily technical chart above, stock has clearly been showing relative strength in the last couple trade sessions. If it breaks the key resistance line of 34.65, it should easily go to next price resistance around 38. The momentum indicators are also not overbought on daily, implying scope for further upsides. On watch.