Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish.
While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
This big semiconductor company has been pounded mercilessly for months. Since breaking down in early October from an all-time high, it's nothing but lower highs and lower lows as the momentum clearly has been bearish.
The lows in December were nearly challenged, but since the company warned about its quarter two weeks ago it has been nothing but a lower energy rally. The 200-day moving average is far off.
Nvidia could be shorted to the $130s as this establishes a wide range.
A nasty reversal candle was left on the stock of this maker of integrated circuits on Wednesday, and more downside action will have Cirrus set up for a nice short play. There are some bullish signs here, but this company is in the semiconductor space, which has been doing quite well of late.
A rising tide usually lifts all boats, but this stock still has a set of lower highs on the charts. A move to the 50-day moving average at $36 or so would be no surprise, then a check down to the December lows.
This commentary is an excerpt from "5 Bearish Bets" a weekly feature sent to subscribers of Trifecta Stocks. Click here to learn more about this portfolio, trading ideas and market commentary product.
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-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.