As I alluded to earlier, some of the department stores are seeing short squeezes today, and The PPT algorithm quickly detected this. In fact, the Department Stores as a whole represent the largest increase in hybrid scores today (combination of proprietary fundamental and technical factors) of any industry in the market.
Click here for more details about joining The PPT service.
Click on image below for full size view of Department Stores Industry screen.
The wholesale food firms have been consolidating in a quiet, orderly manner, exhibiting relative outperformance over the past several weeks. SPTN and SYY exemplify this on their charts below. Click on image for the full size view of The PPT readout.
________________________
________________________
Click on image for full size. Members of The PPT and 12631 can click here for the active screen.
[youtube:http://www.youtube.com/watch?v=__aoalbyZWQ&feature=related 550 412] __________________________
CBZ is flashing on several of my short squeeze screens, as well as my non extended high volume breakout screen inside The PPT. This is a small cap stock with a low float and heavy short position, which lends itself to high beta and handsome rewards, so long as you are on the right side of the trade.
Looking at the daily chart below, we can see a nice uptick in buy volume today, as the stock looks to be moving out of a period of consolidation within the context of an overall uptrend. If the stock can break and hold above $7.55, there is likely to be plenty of room to run and squeeze higher.
__________________________
____________________
Click on image for full view of today’s readings from my top custom screen for short squeezes in The PPT.
Members of The PPT click here for live screen.
