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SharePlanner (< 20)

7 Stocks Waving the Surrender Flag

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September 09, 2011 – Comments (1) | RELATED TICKERS: BSX , X , VMC

 

Today was nasty for the bulls...for the bears is was a thing of beauty. I don't expect next week will be any better either. As a result, you'll want to make sure you are locked and loaded for the next wave of selling that will likely hit us as early as Monday morning. And I have just what you need - 7 short setups that are looking absolutely awful and ready for the next leg down. 

Most of these stocks  listed below are on the cusp of the ideal entry. Wait for support to break, and that is when you put on a position in these names. 

I actually just shorted Boston Scientific at $6.17 as it was breaking through the bearish flag. 

 
SHORT: Boston Scientific (BSX).

SHORT: Coca Cola Enterprises (CCE).

SHORT: Hollysys Automation Technologies (HOLI).

 

SHORT: Parker Hannifin (PH).

SHORT: Vulcan Materials (VMC).

SHORT: US Steel Group (X).
SHORT: Cabot Oil & Gas (COG)

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1 Comments – Post Your Own

#1) On September 09, 2011 at 9:38 PM, MichaelMolenaar (< 20) wrote:

I'm hearing a lot of bad things about BoA, I might add that to the list

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