Six Stocks Ripe for Shorting
12/28/2010 12:01 am EST
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:
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