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.
Gannett Co. (GCI) recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.
Gannett seems to be the victim of a change in media desires. Daily newspapers are struggling and this stock reflects that changing trend.
The cloud is bearish, and while there is a triangle (decision) on the chart, it has formed at a lower base. Money flow is still negative and has been for months.
The stock is cheap and may get even cheaper.
Franklin Covey Co. (FC) recently was downgraded to Hold with a C rating by TheStreet's Quant Ratings.
The poor showing in the shares of the provider of training and consulting services after the November shooting star tells the tale, as sellers have been active for weeks. Money flow has expanded negatively as more big money hits the sell button.
The Relative Strength Index (RSI) is oversold and shares could bounce a little bit, but that would set up a short opportunity. The cloud is pointing lower and moving average convergence divergence (MACD) is on a sell signal.
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.