Posts Tagged ‘short interest’
High Short Interest and Bullish Squeeze in Lumentum (LITE)
In less than 5 minutes, we’re going to scan through 60 stocks to find high short interest trade opportunities (using the weekly time frame).
The scan that we use in today’s video is our Edge Signals scan, looking to find places where we had the signal print bullish with last week’s close. We also overlaid a squeeze condition on top, looking for a squeeze likely to fire long.
Using that list, we have these 4 stocks, that looked interesting and had relatively high short interest:
IFF,
VCTY,
T
High Short Interest Update in CHWY and PETS
Over the weekend, we set up trades in CHWY and PETS, with the help of our new short interest scanner.
Both CHWY and PETS had high short interest, but we also had some key executives selling their shares. This gave us a reason to be cautious, and set up more of a hedge-type trade, as opposed to an outright directional play.
Our final trade was looking for a bullish move in CHWY, with a bearish hedge in PETS, which was the weaker of the two charts.
Since making the video, CHWY has increased +1
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