This Week's Short Candidates
02/13/2014 8:00 am EST
Ryan Mallory of SharePlanner.com shares some of the stocks on his current short watch list.
There's been no real use for the bearish watch-list over the past week or so as the market continues to rip higher at ferocious pace. No one is looking to short, only to cover. So keep this watch-list in case of emergency should the market decide to get bearish again in the near future.
Here's the week's Bearish Watch-List:
Overall, the setups you are going to find with the watch list above are those stocks that have had a significant sell-off already followed by a dead-cat bounce back up to key resistance levels (i.e. the neckline of a head and shoulders pattern). That is where you want to be shorting these stocks at.
By Ryan Mallory, Founder, SharePlanner.com
Related Articles on STOCKS
We hold three biotech stocks in our growth portfolio — Biogen (BIIB), Bioverativ (BIVV), and R...
Under the guise of clamping down on “widespread corruption,” Prince Mohammed bin Salman ...