Six Stocks Ripe for Shorting

12/28/2010 12:01 am EST

Focus: STOCKS

With a little more weakness than what we are used to at this time of year, you may want to be equipped with some short plays should this market make a move lower this week. Here are six stocks setting up as potential short trades if they break firmly below the noted support lines:

1. Akamai, Inc. (AKAM)
2. Jet Blue (JBLU)
3. America Movil (AMX)



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4. US Airways Group (LCC)
5. Energy Transfer Equity (ETE)
6. Titanium Metals (TIE)



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Each of these stocks, if they break below the lines of support, will do so across fairly long-term support, making them even stronger plays.

Editor’s Note: Aggressive traders may wait for a daily candle to close below the support line prior to taking a trade. More conservative traders may wish to wait for an entire daily candle to print below the support line, including any wicks above or below the body of the candle.

By Ryan Mallory of SharePlanner.com

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