13 Tech Stocks With High Short Floats In Rally Mode
Contextuall | Dec 13, 2012 01:23AM ET
Recent Performance of the Stocks Mentioned Below:
Average 1-Week Return: 5.87%
Average 1-Month Return: 16.49%
Average 1-Year Return: 24.08%
1. Acme Packet, Inc. (APKT). Provides session delivery network solutions that enable the delivery of interactive communications, such as voice, video, and multimedia sessions; and data services across internet protocol (IP) network borders. Short float at 13.73%. Stock trading 12.71% above the 20-day SMA, 21.44% above the 50-day SMA, and 3.31% above the 200-day SMA.
2. Aruba Networks, Inc. (ARUN). Provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide. Short float at 20.99%. Stock trading 5.63% above the 20-day SMA, 4.52% above the 50-day SMA, and 11.29% above the 200-day SMA.
3. CIENA Corp. (CIEN). Provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic. Short float at 21.74%. Stock trading 5.73% above the 20-day SMA, 13.2% above the 50-day SMA, and 5.96% above the 200-day SMA.
4. Cree, Inc. (CREE). Develops and manufactures light emitting diode (LED) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (RF) products. Short float at 15.31%. Stock trading 7.37% above the 20-day SMA, 15.59% above the 50-day SMA, and 21.61% above the 200-day SMA.
5. Salesforce.com (CRM). Provides customer and collaboration relationship management (CRM) services to various businesses and industries worldwide. Short float at 12.34%. Stock trading 8.58% above the 20-day SMA, 10.38% above the 50-day SMA, and 14.41% above the 200-day SMA.
6. 3D Systems Corp. (DDD). Engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services. Short float at 23.93%. Stock trading 7.64% above the 20-day SMA, 15.21% above the 50-day SMA, and 38.24% above the 200-day SMA.
7. Equinix, Inc. (EQIX). Provides data center services for the protection and connection of information assets to enterprises, content providers, financial companies, network service providers, and cloud and IT services companies. Short float at 14.66%. Stock trading 7.57% above the 20-day SMA, 5.92% above the 50-day SMA, and 14.7% above the 200-day SMA.
8. First Solar, Inc. (FSLR). First Solar, Inc. manufactures and sells solar modules using a thin-film semiconductor technology. Short float at 43.06%. Stock trading 20.02% above the 20-day SMA, 30.43% above the 50-day SMA, and 53.58% above the 200-day SMA.
9. Frontier Communications Corporation (FTR). Provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. Short float at 22.27%. Stock trading 7.02% above the 20-day SMA, 5.8% above the 50-day SMA, and 18.45% above the 200-day SMA.
10. Leap Wireless International Inc. (LEAP). Provides digital wireless services under the ‘Cricket’ brand name in the United States. Short float at 30.06%. Stock trading 7.45% above the 20-day SMA, 11.28% above the 50-day SMA, and 3.18% above the 200-day SMA.
11. Lexmark International Inc. (LXK). Develops, manufactures, and supplies printing and imaging solutions for offices. Short float at 25.4%. Stock trading 4.22% above the 20-day SMA, 12.06% above the 50-day SMA, and 0.73% above the 200-day SMA.
12. Rackspace Hosting, Inc. (RAX). Operates in the hosting and cloud computing industry. Short float at 10.98%. Stock trading 2.97% above the 20-day SMA, 3.13% above the 50-day SMA, and 20.91% above the 200-day SMA.
13. Research In Motion Limited (RIMM). Designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Short float at 25.05%. Stock trading 22.94% above the 20-day SMA, 45.12% above the 50-day SMA, and 34.51% above the 200-day SMA.
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