Recently in Short Squeeze Screen Category
Short Squeezes
FusionIQ runs powerful trading screens to help investors isolate candidates that may offer short-term price surges.  Today we share our proprietary short squeeze screen that FusionIQ subscribers have access to everyday.
To get access to these proprietary short squeeze metrics become a FusionIQ subscriber - sign up here www.fusioniqrank.com/subscribe.php
 
Did you also know that Fusion offers money management services ?  Take our complimentary risk profile at www.fusioninvest.com/riskprofiler or call us toll free at 1-888-661-2022 to set up a call with an advisor.

New Short Squeezes
FusionIQ runs powerful trading screens to help investors isolate candidates that may offer short-term price surges.  Today we share our proprietary short squeeze screen that FusionIQ subscribers have access to everyday.
 
 
To get access to these proprietary short squeeze metrics become a FusionIQ subscriber - sign up here www.fusioniqrank.com/subscribe.php
 
 
 
Did you also know that Fusion offers money management services ?  Take our complimentary risk profile at www.fusioninvest.com/riskprofiler or call us toll free at 1-888-661-2022 to set up a call with an advisor.

Transports and Biotech dominate the short squeeze list

As seen in the attached table of new FusionIQ short squeezes, transportation stocks and biotechnology stocks which have been leaders over the last few weeks, dominate the short squeeze activity.  This concentration in certain groups suggest there are aggressive buyers moving into these sectors.


First Cash Financial Services, Inc (FCFS) - Paw Shop Scores a new FusionIQ Short Squeeze

First Cash Financial Services, Inc. (FCFS) which operates pawn stores scored a new FusionIQ Short Squeeze on Friday as investors assume business will pick up in a slowing economy.  With close to 14.00% of its float short and a point and figure target of $ 34.00 FCFS offers investors a solid upside return potential within the framework of a possibly growing macro theme (ie. companies that benefit from a weakening economy).

 

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GMX Resources Inc. (GMXR) - New FusionIQ Short Squeeze

GMX Resources Inc, which has over 22 % of its float short scored a new short-term FusionIQ short squeeze yesterday.  This coupled with its FusionIQ 100 master technical rank suggest shares could continue to surge over the coming days.

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Idenix Pharmaceuticals Inc. (IDIX) scores FusionIQ short squeeze on positive HIV data
Idenix Pharmaceuticals Inc. (IDIX) which has close to 18 % of its float short and a FusionIQ technical rating of 81, said it has generated positive clinical trial data from a possible new HIV treatment. The Cambridge, Mass.-based company said Thursday that its drug IDX899 showed "potent antiviral activity" in reducing virus levels at several different doses. Idenix said that patients in the early-stage human clinical trial also avoided any serious reactions from the drug and that no patients left the study. The company tested its drug in HIV patients who have had no prior HIV treatments.

With a point and figure target of $ 12.25 IDIX shares offer good upside potential from present levels.

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Olin Corp (OLN) - New FusionIQ Short Squeeze

Olin Corp. (OLN) a manufacturer of chlorine and caustic soda, sodium hydrosulfite, bleach products, copper, copper alloy sheet, strip welded tube, brass rod and stainless strip, scored a high volume FusionIQ Short Squeeze yesterday.  With close to 12.00% of its’ float short and a point and figure price target of $ 37.50 there is still good upside profit potential over the intermediate term.

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ShendgaTech Inc. (SDTH) - Chinese Chemical Maker Scores FusionIQ Short Squeeze

With plastics and other commodity shooting through the roof it is not surprising that ShengdaTech scored a high volume, short squeeze breakout. With a point and figure target of $ 14.00 and close to 15 % of its float short.  SDTH shares are likely to continue to surge in the coming days.

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Martek Biosciences Corp. (MATK) - New FusionIQ Short Squeeze
Shares of Martek Biosciences Corp. (MATK - FusionIQ 86 Technical Score / 74 Master Score) jumped to its' highest price in more than two years after the company teamed with Dow AgroSciences LLC to develop and sell a special type of canola seed.  The companies will make a canola seed that produces the omega-3 fatty acid, docosahexaenoic acid (DHA), which is considered important for proper brain and eye development and function. The production of a DHA canola oil by Dow and Martek is viewed as a cheaper option for various food uses.
 
With close to 25 percent of its float short and a point and figure target of 45.00 MATK shares offers investors good intermediate term return potential.

Perry Ellis Intl. (PERY) reaffirms guidance and scores FusionIQ short squeeze
Perry Ellis International Inc. (PERY) scored a new FusionIQ short squeeze after the men's apparel maker reaffirmed its earnings forecast for fiscal 2009.  Perry Ellis Chief Executive Officer George Feldenkreis told investors and analysts during a conference call that the government's stimulus package and other measures to alleviate financial stress should have a positive effect into 2009 on consumers' buying power.  " At this point, we feel that the worst might be over," Feldenkreis said.  Perry Ellis yesterday said it expects profit in the range of $1.95 to $2.00 a share for the 12 months ending Jan. 31, 2009, with revenue of $910 million to $925 million.
 
Given the economic stimulus is most likely to find its way into the retail channel we agree that retailers such as PERY will benefit in the coming months.

Rowan Cos (RDC) scores FusionIQ short squeeze

Rowan Companies, Inc. which performs contract drilling of oil and gas wells in the United States and internationally scored a high volume FusionIQ short squeeze on Friday as it broke out on almost 2 1/2 times its normal 21-day average volume.  With close to 12 percent of its float short and a point and figure target of 62.00 RDC still has solid upside potential.


Myriad Genetics, Inc. (MYGN) - New FusionIQ Short Squeeze
Myriad Genetics, Inc. (MYGN) which develops and commercializes genes involved in major common diseases including cancer, cardiovascular disease, and central nervous system disorders scored a new FusionIQ short squeeze yesterday as shares which have 25 percent of their float short shot up aggressively on close to 2 times its normal 21-day average volume. 
 
Additionally, MYGN shares also scored a new FusionIQ timing BUY signal yesterday. 

Skyworks Solutions Inc. (SWKS) - New FusionIQ Short Squeeze
Shares of Skyworks Solutions Inc. (SWKS) which rose in afternoon trading Wednesday after an Oppenheimer analyst said the company's margin outlook appears within reach.  Subsequently the price target was raised as well as estimates. The stock gained 74 cents, or 8.7 percent, to $9.25. Woburn, Mass.-based Skyworks makes semiconductors for cell phones.
 
With a FusionIQ technical rank of 100 and 12 percent of its float short, we expect shares to keep running.

Short Squeeze Candidates
Last week, we added to our list of potential short squeeze candidates: Valance Technology (VLNC),  Old National Bancorp (ONB), Community Bank System (CBU), Lindsay Manufacturing (LNN), and Priceline (PCLN).

Some of these showed up on our breakout previously. Add potential short squeezes, and you have good list of tradable names:





 








Short Squeeze: Converted Organics Inc. (COIN)
UPDATE:  Last October, the Fusion IQ quantitative ranking system generated a BUY signal in Converted Organics Inc. (COIN), as the chart below shows.

Converted Organics Inc. (COIN) a manufacturer of organic biostimulants, a natural fertilizing product used in organic farming, scored a new FusionIQ Short Squeeze signal last week (February 21).

With 19.87% of its float short, and shares trading up on over two times its average daily trading volume, it appears that shorts betting on a price decline have been panicked into buying back shares as they advance higher.

The point and figure future projected price target for COIN shares is $17.00.  We think $10.40 is an appropriate stop loss here for traders.







COIN New FusionIQ Short Squeeze

Converted Organics Inc. (COIN) a manufacturer of organic biostimulants, a natural fertilizing product used in organic farming, scored a new FusionIQ Short Squeeze signal yesterday. With 19.87 % of its float short and shares trading up on over two times its average daily trading volume it appears the shorts betting on a price decline are now running in to buy back shares as they advance. The point and figure future projected price target for COIN shares is $ 17.00.



FusionIQ Short Squeezes
The following stocks today show up on the FusionIQ Short Squeeze screen today because they have exhibited above average volume and price surges and have a significant percentage of their float short.  We expect follow through momentum on these names over the following days and weeks.  They are sorted by highest to lowest FusionIQ Technical Score
 
 
WMS    FusionIQ Technical Score 96     Short to Float Percentage   11.14
 
ENS    FusionIQ Technical Score 92     Short to Float Percentage   24.54
 
CREE    FusionIQ Technical Score 91     Short to Float Percentage   35.14
 
XIDE    FusionIQ Technical Score 80     Short to Float Percentage   10.57

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