10 Rallying Tech Stocks With High Short Floats

Average 1-Week Return: 2.08%
Average 1-Month Return: 9.74%
Average 1-Year Return: 26.54%

1. 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 6.6% above the 20-day SMA, 3.45% above the 50-day SMA, and 10.14% above the 200-day SMA.

2. 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 7.73% above the 20-day SMA, 15.08% above the 50-day SMA, and 6.46% above the 200-day SMA.

3. 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 4.07% above the 20-day SMA, 12.76% above the 50-day SMA, and 16.54% above the 200-day SMA.

4. Salesforce.com (CRM). Provides customer and collaboration relationship management (CRM) services to various businesses and industries worldwide. Short float at 12.05%. Stock trading 4.54% above the 20-day SMA, 4.44% above the 50-day SMA, and 8.22% above the 200-day SMA.

5. 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 24.64%. Stock trading 3.05% above the 20-day SMA, 12.17% above the 50-day SMA, and 33.3% above the 200-day SMA.

6. 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 20.65% above the 20-day SMA, 29.03% above the 50-day SMA, and 46.26% above the 200-day SMA.

7. 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 5.61% above the 20-day SMA, 2.32% above the 50-day SMA, and 15.07% above the 200-day SMA.

8. Rackspace Hosting, Inc. (RAX). Operates in the hosting and cloud computing industry. Short float at 10.98%. Stock trading 4.17% above the 20-day SMA, 2.77% above the 50-day SMA, and 20.81% above the 200-day SMA.

9. Research In Motion Limited (RIMM). Designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Short float at 25.05%. Stock trading 17.76% above the 20-day SMA, 35.96% above the 50-day SMA, and 19.52% above the 200-day SMA.

10. Teradyne Inc. (TER). Provides automatic test equipment products and services worldwide. Short float at 11.65%. Stock trading 2.48% above the 20-day SMA, 7.6% above the 50-day SMA, and 4.43% above the 200-day SMA.
(To view Contextuall’s current predictions for the XLK exchange traded fund, click here).