DELAFIELD, Wis. (Stockpickr) -- Another week is coming to an end on Wall Street, and once again we saw a monster short squeeze that put the bears on the run.
It wasn't Green Mountain Coffee Roasters (GMCR) this week, although that stock continues to march higher and frustrate the bears. This time it was Tesla Motors (TSLA), which exploded higher on Thursday off a bullish earnings report squeezing the bears into new all-time-high territory.
Another name that blasted higher and thumped the bears this week was technology player Neonode (NEON), which I flagged in Feb. 14's "5 Hated Stocks That Could Get Squeezed Much Higher" at around $6.60 per share. I mentioned in that piece that shares of NEON sported a very high short interest of 26.7% with a relatively low float. This stock ripped higher on Thursday by over 13% to its intraday high of $7.61 a share as the bears scrambled to get out of the way. Shares of NEON might not be down squeezing the shorts here, so look for this stock to take out some past overhead resistance at $7.94 with high volume for another run.
Since we continue to remain in an uptrending equity market, I think it's an excellent time to search for stocks that are favorite targets of the short-sellers. These could be the stocks that are setting up to explode higher and crush the bears just like we've seen recently with NEON, TSLA and GMCR. Take it from me, hedge funds are doing the same thing and scanning the market for stocks with lots of shorts, since they know these could be the names that help them make their quarters.
With that in mind, here's a look at five stocks that could be preparing for some epic squeezes soon.