Category: short float breakout
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Earnings Breakout: BOBE
BOBE broke out today over long term resistance levels in a reaction to a postivie earnings announcement today. It is also worth noting that this stock has a high short interest ratio. This is a good example of an earnings breakout candidate.
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Short Squeeze Play: SRDX
SRDX, a drug stock, broke out over price and moving average resistance on huge volume today. While that’s fine and dandy, what’s really interesting is that it has a 30 percent short interest ratio. To put this number in perspective, breakout stocks make my short squeeze setup if the ratio…
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Today’s Trade: NILE
I bought 400 shares of NILE at $58.45. The stock made it to my “low float high short interest breakout” watchlist yesterday (also discussed in the video webcast). My stop will be in the around $56 range.
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Short Float Breakout Watchlist w/ Video Webcast
In today’s video, I go over the Short Float Breakout Watchlist. Elements that make up the setup include: A. Short Interest HighB. Float LowC. BreakoutD. Over Resistance On the Watchlist for Monday: CHFC, NILE, BAMM, ULTI, ZOLT and LIFC http://flash.revver.com/player/1.0/player.swf http://one.revver.com/watch/304473/flv/affiliate/93676
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Video: Breakout-Pullback Watchlist For Wednesday
In today’s video, I go over how I scan for breakout-pullback candidates. Video Summary:Only 16 stocks made it on the scan, which looks for 3 percent breakouts that are over $20. This is a very low number and makes me cautious about the market in general. Stocks that made the…
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ILMN Revisited and a Video Question
Two nights ago, I mentioned ILMN as a “short float” breakout candidate. The stock had broke out over resistance and had a low float coupled with high short interest. These conditions lead me to believe we could be setting up for a parabolic move higher. Take a look at how…
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"Short Float" Breakout Setup: ILMN
ILMN made a 4 % gain today over established resistance. However, that’s not what put it on my watchlist. Stocks in a downtrend do not usually make the cut. What makes this stock special is that it is a low float stock with a high short interest ratio. The stock’s…