8 Stocks Prime for Shorting
The stocks below are mainly those stocks that have been on a solid uptrend of late, but are starting to show signs of breaking down along with a loss of interest by the street as a whole. So if you are looking to short this market, which definitely takes some guts (but the potential for reward is probably greater than it ever has been), then this is a good cheat sheet for you to start with while compiling your own personal short watch-list. Don't forget to take a look at my post from Tuesday with my current personal watch-list of short setups that I am eyeballin'.
Of all the stocks below - RL looks like a pretty tempting setup, with stop-loss around 93.25ish. Volume has been very light on its rallies of late and heavy on its sell-offs, as well as a number of indicators showing strong bearish divergences.
Now realize this, not every stock on this list, will you agree with me or my screening software, that it is a good short position to undertake. However, what I am doing for you is providing you with a list of stocks based on a number of my own preferred variables that reduces the list of candidates to short, from a few thousand down to just a handful - in this case, 8 stocks. But I am pretty confident that you can find a few stocks worth shorting in the list below.
Here is my list of 8 stocks Prime for Shorting.