When swing trading breakouts on stocks like ROYL, MGM, TIVO, RF and GAB I try
to time the bull market, short interest as well as the chart pattern. Heres what
Im looking for on these 5 breakout pending plays heading into Tuesday. Royale
Energy ( NASDAQ:ROYL ) operates as an independent oil and natural gas producer
in the United States. Small short interest here at 1.23 days to cover per the
last settlement date on 12/15/2011. The small market cap of $51.66 million could
help fuel a burst. Mgm Resorts International ( NYSE:MGM ) primarily owns and
operates casino resorts in the United States. The short interest is 3.44 days to
cover on MGM. The market cap here is $5.53 billion so a bit larger than Id
normally look to play, more like a mid-cap really but I think they are
positioned well for the online poker surge. TiVo ( NASDAQ:TIVO ) provides
technology and services for television solutions, including digital video
recorders (DVRs) and connected televisions in the United States and
internationally. Solid short interest on TIVO at 7.12 days to cover which could
accelerate a run. TiVos market cap is $1.23 billion. Regions Financial ( NYSE:RF
) operates as the holding company for the Regions Bank that provides a range of
commercial, retail, and mortgage banking services in the United States. Hardly
any short interest here at 1 day to cover. Another mid-cap at $5.7 billion.
Gabelli Equity Trust ( NYSE:GAB ) is a closed-ended equity mutual fund launched
by GAMCO Investors, Inc. and managed by Gabelli Funds, LLC. Also very little
short interest here at 1 day to cover. GABs market cap is more in my wheelhouse
at $938.61 million.
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