The “old school” vs. “new school” energy competition has really kicked off this year.
Clean energy companies like Plug Power Inc. (Nasdaq: PLUG) and FuelCell Energy, Inc. (Nasdaq: FCEL) started 2021 by doubling their share values in the first two months of trading.
At the same time, oil names are surging once again.
Shares of Exxon Mobil Corporation (NYSE: XOM) rallied 40% higher in the past two months, along with the majority of other companies in the sector.
You know, many investors think that energy is a binary game, claiming “out with the old, in with the new.” They assume if one energy group goes up, the other will go down.
But this couldn’t be further from the truth.
Right now, there are two forces at work in the energy sector that are allowing both old school and new school names to move together in unison.
This parallel motion is far from over, and we can use the powerful combination of circumstances to play both sides of the coin.
Which means we can profit from both the old and new energy names. I’m talking 50-100% gains over the next six months.
But first, let’s break down this ongoing energy battle…
This morning, I received the newest short interest data, and it shows 11 stocks that could begin rallying higher.
I’ve been using this data for over 20 years.
It’s one of my favorite bits of data because it has something that I call an “ambidextrous indicator,” which means that it’s good for a stock in both rising and falling markets. And we can use it to determine which companies we can “squeeze” for fast profits.
Short interest shows us the percentage of shares being shorted. A higher percentage means more people are betting against the stock.
But if it rallies higher, these people will be forced to buy back the stock at elevated levels.
That’s how we can make money using this piece of data.
Today, I want to focus on a list of 11 stocks getting ready to breakout as they complete my three-part checklist as bullish squeeze candidates.
There are a few ways to play a stock that’s about to pop – but the best is with options. Tomorrow, a new super option trade recommendation is being released. Click here for the details.
I’ll also dive deep into my three favorite candidates.
These stocks could give you quick short squeeze profits…